XRP’s post-rally cooldown continues, with the asset trading around $1.40 after surging from roughly $1.00 to $1.55 in August. The price is now trapped within a descending channel, producing lower highs while volatility contracts. A daily breakout above the channel’s upper boundary near $1.43–$1.45 could signal a bullish shift, targeting the $1.48–$1.55 highs and potentially the $1.61–$1.70 resistance zone. On the downside, support sits at $1.33–$1.36, with a breakdown risking further decline toward $1.22–$1.27. The reaction at the channel boundaries will provide the next directional clue.
XRP is trading around $1.40 after transitioning from a rally near $1.00 to $1.55 into a corrective phase. The daily timeframe shows a descending channel with lower highs and contracting volatility.
The latest rebound from the $1.32–$1.35 support area was rejected near $1.48, where the price met the channel’s upper boundary. This rejection reinforces the descending trendline as the main technical obstacle, with resistance approaching $1.43–$1.45.
A confirmed daily breakout above the channel could represent an important bullish structural shift. Such a move would likely challenge the previous $1.48–$1.55 highs before targeting the major $1.61–$1.70 resistance zone.
On the downside, the $1.33–$1.36 region remains the nearest significant support. A breakdown below this area would weaken the recovery scenario and could expose the lower channel boundary converging toward the $1.22–$1.27 demand zone.
The 4-hour chart shows the corrective structure more clearly. XRP bounced strongly from the $1.34–$1.36 support zone and rallied toward $1.48, but buyers were unable to break through the descending channel resistance.
The price is now caught between the $1.34–$1.36 support and descending resistance around $1.43–$1.45. A breakout above the latter would be the first meaningful indication of short-term momentum shifting back toward buyers.
Conversely, another rejection followed by a loss of the $1.34–$1.36 support area would favor continuation of the correction. In that scenario, the lower boundary of the descending channel could become the next target, with the larger $1.22–$1.27 support zone underneath.
For now, XRP remains in a corrective phase rather than a confirmed bearish breakdown. The reaction at the channel boundaries should provide the clearest indication of the next directional move.
