Alex Dudov
⬤XRP has bounced from the lower edge of its descending channel after dipping toward the $1.40–$1.50 zone, according to daily chart data. The token is now pushing back toward the channel's midpoint, but the broader downtrend structure is still in place. A clean escape from this bear channel is necessary to properly signal a return to bullish conditions.
⬤The chart shows XRP has been locked inside a well-defined downward channel since peaking above $3.00 earlier in the cycle. Every recovery attempt in recent months has been rejected at the channel's upper boundary, creating a series of lower highs. The latest move higher came after price tested channel support, where selling dried up and buyers entered, triggering a bounce rather than a true reversal.
⬤Despite the rebound, XRP remains technically bearish while trading below channel resistance. Without a convincing breakout and the ability to hold above that zone, any upside moves are just relief rallies within the larger downtrend. The $2.20 level stands out as the critical threshold—sustained trading above this mark is needed to flip the structure back to bullish.
⬤This setup matters for broader market sentiment, as XRP has historically reflected momentum shifts during trend changes. Continued trading inside the bear channel points to lingering downside risk and uncertainty around trend strength. Until XRP breaks out decisively and holds above resistance, the market is likely to treat further gains as temporary rather than the start of a new bullish phase.
Alex Dudov
