Ripple Price Analysis: What’s Next for XRP After Holding Key Support?
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XRP remains under pressure across higher timeframes, trading inside a well-defined descending channel for several months with the 100-day and 200-day moving averages above price and sloping lower, reinforcing a bearish bias. Although the crypto token is holding above an important demand area that could set the next directional move, buyers have repeatedly failed to reclaim key resistance levels, signaling downside risk and limited near-term adoption or market-strength catalysts.
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XRP remains under pressure across the higher timeframes, with buyers struggling to reclaim key resistance levels despite several rebound attempts. The broader structure continues to favor sellers, although the price is still holding above an important demand area that could determine the next directional move.
XRP Price Analysis: The Daily Chart
On the daily timeframe, XRP continues to trade inside a well-defined descending channel, reflecting the broader bearish trend that has dominated the market for several months. The 100-day and 200-day moving averages remain above the price and continue sloping lower, reinforcing the negative higher-timeframe bias.
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Current XRP Downtrend Resembles Triangle Setup That Led to 66,000% Surge in 2017
