After weeks of compression, XRP price is now testing a critical trendline at the top of a long-standing weekly descending channel. The battle between bulls and bears is intensifying near the $2.22 level, with multiple timeframes signaling a potential directional move.

What’s Happening With XRP’s Price?

The most notable structure comes from the weekly chart, where XRP price action remains inside a well-defined descending parallel channel dating back to the Q1 high of $3.40. Price is now pressing against the channel’s upper boundary, aligned with the 0.382 Fibonacci retracement level near $2.28.

This resistance has held for several weeks, but with higher lows forming, bulls appear to be building pressure. A confirmed breakout from this descending channel could shift the longer-term trend, with upside targets near $2.71 (Fib 0.236) and $3.00+.

The daily chart shows XRP trading within a tightening triangle pattern, supported near $2.10 and capped near $2.30. Donchian Channel compression and steady OBV (~7.73B) confirm the coiling nature of the price structure.

On the 4-ho…

The post XRP (XRP) Price Prediction for July 6, 2025: Can XRP Break the Weekly Downtrend Channel? appeared first on Coin Edition.

After weeks of compression, XRP price is now testing a critical trendline at the top of a long-standing weekly descending channel. The battle between bulls and bears is intensifying near the $2.22 level, with multiple timeframes signaling a potential directional move.

What’s Happening With XRP’s Price?

The most notable structure comes from the weekly chart, where XRP price action remains inside a well-defined descending parallel channel dating back to the Q1 high of $3.40. Price is now pressing against the channel’s upper boundary, aligned with the 0.382 Fibonacci retracement level near $2.28.

This resistance has held for several weeks, but with higher lows forming, bulls appear to be building pressure. A confirmed breakout from this descending channel could shift the longer-term trend, with upside targets near $2.71 (Fib 0.236) and $3.00+.

The daily chart shows XRP trading within a tightening triangle pattern, supported near $2.10 and capped near $2.30. Donchian Channel compression and steady OBV (~7.73B) confirm the coiling nature of the price structure.

On the 4-ho…

The post XRP (XRP) Price Prediction for July 6, 2025: Can XRP Break the Weekly Downtrend Channel? appeared first on Coin Edition.