XRP continues to trade inside a descending channel pattern, signaling that the current downtrend might extend further before any meaningful rebound takes place. Since reaching its peak at $3.6 in July 2025, XRP has plunged about 70%, now hovering around $1.08.
The daily chart shows a clear descending channel, characterized by two parallel downward-sloping lines. The upper line serves as resistance, consistently pushing prices lower, while the lower line offers support. This setup has persisted for nearly a year, with XRP repeatedly testing these boundaries but failing to break free.
Attempts to climb above the resistance line in October 2025 and January 2026 resulted in sharp pullbacks, coinciding with broader market weakness. The October rally hit $3.10 before collapsing during a market-wide crash, while the January surge reached $2.41 before bears took control again.
Since early 2026, XRP has been stuck near the middle of the channel, neither pushing higher nor falling to test the lower support line. However, recent price action suggests it might soon move downwards toward this support, especially if selling pressure in the crypto market intensifies.
If XRP tests the lower trendline, it could drop to around $0.84, marking a roughly 22% decrease from the current price and a 76% fall from its all-time high. This type of decline aligns with previous corrections seen during XRP's downtrend.
The prolonged struggle within the channel highlights the challenges XRP faces amid overall market weakness. With sellers maintaining control at the resistance and buyers defending the support, a decisive breakout in either direction will be key for the next phase.
