Ripple Price Analysis: This One Level Could Decide XRP’s Next Major Move
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XRP remains trapped in a broad bearish structure on the daily chart, trading inside a descending channel that has contained price since the beginning of the year. The token was rejected at the $1.22-$1.29 supply zone and is testing a critical demand zone again, signaling sellers are active and that price, adoption momentum and market confidence face downside risk.
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Ripple’s XRP remains trapped within a broader bearish market structure despite several recovery attempts over the past few weeks. While the recent price action suggests sellers remain active at higher levels, the market is once again testing a critical demand zone that could determine whether the token stabilizes or extends its decline.
XRP Price Analysis: The Daily Chart
On the daily timeframe, XRP continues to trade inside a large descending channel that has contained the price action since the beginning of the year. The asset was recently rejected from the upper resistance region around $1.22-$1.29, a supply zone that has repeatedly capped bullish advances throughout the downtrend.
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