XRP remains trapped in a broad bearish structure despite recent recovery attempts, with sellers active at higher levels. The token is now testing a critical demand zone near $1.02-$1.08 on the daily chart. A rejection from the $1.22-$1.29 supply zone and the descending channel’s upper boundary has driven prices back to this key support. On the 4-hour chart, the asset has formed lower highs and lower lows, reflecting short-term bearish pressure. The demand zone has supported every meaningful rebound since late June. A breakdown below this area could expose the channel’s lower boundary, while a successful defense might trigger another relief rally toward resistance.
Ripple’s XRP continues to trade inside a large descending channel that has contained 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.
The rejection occurred near the confluence of the descending channel’s upper boundary and the 100-day moving average. Following the rejection, XRP has retraced toward the key demand zone around $1.02-$1.08, which has repeatedly attracted buyers and represents the most important support level on the daily chart.
As long as the price remains above this area, the market could continue consolidating within the lower portion of the channel. A breakdown below the $1.02-$1.08 support zone would likely invalidate the current stabilization attempt and expose the lower boundary of the channel, potentially opening the door for a deeper decline.
On the 4-hour chart, XRP rallied aggressively from the lower demand zone but failed to sustain momentum after reaching resistance at the descending trendline and the overhead supply region around $1.22-$1.29. Since then, the asset has produced a series of lower highs and lower lows, reflecting growing short-term bearish pressure.
The market has now returned to the decisive demand zone around $1.03-$1.08, which has acted as the foundation for every meaningful rebound since late June. A successful defense could trigger another relief rally toward the descending trendline and the $1.22-$1.29 resistance zone.
Such a move would keep XRP trapped within its broader consolidation structure while preserving the possibility of a larger breakout later. On the other hand, a decisive loss of the demand zone would represent a significant structural deterioration and likely shift momentum firmly back in favor of sellers.
For now, the token remains positioned at a critical support area. The $1.02-$1.08 demand zone remains the key level bulls must defend to prevent another leg lower.
