Ripple Price Analysis: XRP Trapped in Descending Channel as Key Levels Loom

XRP’s post-rally cooldown continues to take shape, with the asset struggling to convert its August surge into a renewed impulsive advance. The price remains trapped within a corrective structure, leaving the next breakout as the key signal for determining whether buyers can regain control. Ripple Price Analysis: The Daily Chart On the daily timeframe, XRP is trading around $1.40 after the explosive move from roughly $1.00 toward $1.55. Since that rally, however, the market has transitioned into a descending channel, producing a sequence of lower highs while volatility gradually contracts. The latest rebound from the $1.32-$1.35 support area was rejected near $1.48, where the price also encountered the channel’s upper boundary. This rejection reinforces the descending trendline as the main technical obstacle. At present, that resistance is approaching the $1.43-$1.45 area. Therefore, a confirmed daily breakout above the channel could represent an important bullish structural shift. In that case, XRP could initially challenge the previous $1.48-$1.55 highs before potentially targeting the major $1.61-$1.70 resistance zone. On the downside, the $1.33-$1.36 region remains the nearest s...