Ripple Price Analysis: Is XRP Ready for a Comeback After Reclaiming Major Support?
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XRP remains under pressure on higher timeframes after extending its decline within a broad descending channel, breaking daily support at about $1.30 and falling into a major demand zone between $1.10 and $1.20. The token briefly dipped below that zone but rebounded and is attempting to stabilize with early recovery versus Bitcoin, though upcoming sessions will determine if this crypto price action signals a sustainable bottom or a continuation of the longer-term downtrend.
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XRP remains under pressure on higher timeframes after extending its decline within a broad descending channel. However, the asset is now attempting to stabilize above an important support region while showing early signs of recovery against Bitcoin. The coming sessions could determine whether it can establish a meaningful bottom or continue its longer-term downtrend.
Ripple Price Analysis: The USDT Pair
On the daily timeframe, XRP has recently broken below the local support around $1.30 and quickly dropped into a major demand zone between $1.10 and $1.20. This region has historically attracted buyers and once again produced a reaction, with the price rebounding after briefly dipping below the lower boundary of the zone.
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