BrotherQiu
XRP Technical Outlook: Attempting Breakout in a Downtrend Channel, Buying Interest Re-enters
After several weeks of steady decline, XRP has experienced its first meaningful rebound and is currently attempting to break through a long descending channel. Buyers have entered from lower demand zones, but XRP still faces multiple resistance layers before confirming a trend reversal.
Market Structure and Trends
For months, XRP has been trading within a clear downtrend channel, forming:
Persistent lower highs
Lower lows toward the channel bottom
Repeated rejections near the descending resistance tren
After several weeks of steady decline, XRP has experienced its first meaningful rebound and is currently attempting to break through a long descending channel. Buyers have entered from lower demand zones, but XRP still faces multiple resistance layers before confirming a trend reversal.
Market Structure and Trends
For months, XRP has been trading within a clear downtrend channel, forming:
Persistent lower highs
Lower lows toward the channel bottom
Repeated rejections near the descending resistance tren
XRP3,97%