XRP trapped in descending channel again

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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Technical analysis & market mechanics

• XRP has traded into the previously defined sell zone, but recent price developments prompted a narrowing and upward revision of the zone.
• Local support at $2.13 - forming the base of the current structure and short-term bounce zone.
• Local resistance at $2.23 - psychological and structural level that continues to cap price action.
• $2.355 is the revised key resistance - aligns with diagonal channel resistance and is the first level to monitor for rejection
• $2.48 remains the next resistance zone - historically reactive with strong seller presence.
• $2.588 marks the upper resistance boundary - top of the revised short zone and a key liquidity level.
• RSI is trending higher, showing bullish momentum on the short term, but within a broader bearish context.
• XRP continues to trade within a long-term descending channel, respecting diagonal resistance and failing to sustain breakouts.
• RSI is currently trading at a mid-range of 55.00, so we have room to move higher,r and it's not impacting our bias
• Macro structure remains heavy - each bounce is showing signs of exhaustion at lower highs.
• Altcoin sentiment remains fragile, and XRP's behaviour continues to reflect broader market psychology.
• Key downside levels: $1.78 - historically strong support level.
• $1.62 - mid-channel support, often responsive in trending moves.
• $1.50 - deep support and psychological level, structurally significant for longer-term holders.

• Next Support: $ 2.130
• Next Resistance: $2.3550
• Direction: Bullish
• Upside Target: $2.5880
• Downside Target: $1.780

Cryptonary's take

XRP's recent rally pushed into the prior sell zone, but new developments have led us to narrow and revise that zone slightly higher. We're now building shorts at $2.355, $2.48, and $2.588, with a stop loss just above $2.80. A structural shift would require strong daily closes above $2.73, which we currently view as low probability.

Our downside targets are $1.78, $1.62, and $1.50, aligning with technical structure and broader sentiment trends. This is a clean continuation play within a long-standing bearish channel. We're not fighting momentum - we're fading into strength with discipline, anticipating that the macro trend will continue to dominate over speculative bounces.