Ripple’s XRP remains locked in a broader bearish structure, trading within a large descending channel on the daily chart. The $1 psychological level is now the immediate battleground as the price approaches a major demand zone between $0.88 and $0.97. While the broader structure shows little evidence of a bullish reversal, short-term momentum is beginning to show tentative signs of seller exhaustion. A potential bullish RSI divergence is developing on the 4-hour chart, suggesting bearish momentum may be weakening, though price confirmation is still required before a meaningful reversal can be considered underway.
XRP continues to trade within a large descending channel that has governed price action for several months. The sequence of lower highs remains intact, and the latest decline has pushed the asset back toward the $1 level.
The nearest significant resistance sits around $1.11 to $1.15, an area that has recently rejected multiple recovery attempts. Above it, the descending channel boundary converges toward the $1.20 region, while the stronger $1.24 to $1.29 supply zone represents another major obstacle.
On the downside, the price is approaching the major $0.88 to $0.97 demand zone. A decisive breakdown beneath this zone would expose XRP to a continuation toward the lower boundary of the descending channel.
The 4-hour timeframe presents a more nuanced picture. XRP remains beneath a descending trendline and has lost the former $1.02 to $1.03 support zone, which has now turned into an important resistance area.
A potential bullish RSI divergence is developing, as the asset has continued to print lower lows while the RSI has formed higher lows. This suggests that bearish momentum may be weakening, but it does not confirm a reversal by itself while XRP remains beneath the descending trendline.
The immediate bullish scenario would require the price to break above the descending trendline and reclaim the $1.02 to $1.03 resistance zone. Until that happens, the dominant price structure remains bearish.
Failure to capitalize on the RSI divergence could result in another leg lower, with the $0.94 to $0.97 region representing the next major support zone. The divergence suggests weakening selling pressure, but price confirmation is still required before a meaningful reversal can be considered underway.
