XRP Price Prediction: Escrow Unlock Looms As Descending Channel Keeps Sellers In Control
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- XRP remains trapped in a descending channel, with trend resistance holding near $2.08.
- Price is stabilizing above $1.85, but repeated tests show buyers are defensive, not aggressive.
- A 1 billion XRP escrow unlock on January 1 adds short-term supply risk amid thin liquidity.
XRP price today trades near $1.87 after another subdued session, with price holding just above short-term support as broader momentum remains weak. The market sits at an inflection point, caught between a persistent downtrend on higher timeframes and a major supply event scheduled for early January.
Price Holds Range As Downtrend Persists
On the daily chart, XRP remains locked inside a descending channel that has guided price lower since the October peak. Each recovery attempt has failed below the upper boundary, reinforcing a pattern of lower …
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