🔻 XRP MAY BOUNCE INTO CHANNEL RESISTANCE BEFORE A SHARPER DROP
Support: 1.255 – 1.260
Resistance: 1.418 – 1.425
Target: 1.255 – 1.260
$XRP is still trading inside a broader descending wedge, while the latest rebound is forming inside a local ascending channel near the lower side of the structure. Price may still squeeze a bit higher into the upper reaction zone first, but the overall setup continues to favor rejection from resistance rather than a full bullish reversal.
As long as sellers defend 1.418–1.425, XRP may rotate lower toward the 1.255–1.260 support area next. A clean breakout above resistance would weaken this bearish setup quickly and postpone the downside continuation. ⚠️
Do you see XRP getting rejected from this local channel top, or can bulls still force a stronger breakout first?