#XRP UPDATE 👀
XRP is trading around 1.1527 after a brutal capitulation that took price down to 1.06 before recovering. The flush perfectly tagged the descending channel's lower boundary that has been in play since late January, with buyers stepping in to defend this critical multi-month support. Price is now showing signs of stabilization with a strong reaction off the channel low.
A clean hold above 1.10 keeps the recovery momentum intact and opens the door for a continuation back toward the 1.30–1.40 range. A loss of the channel support near 1.05 on a daily close would invalidate the structure and accelerate the downtrend with no clear support below. Reclaiming 1.25 would confirm the bullish reaction off the channel lows.
XRP
1.1588
-0.31%