Ripple Price Rejection Tests Breakout Structure

Ripple's price has been facing significant selling pressure at the $1.60 resistance area, causing a pullback to the $1.47 level.

This rejection has pushed XRP back toward the demand zone around $1.42-$1.45, where it is currently retesting its support.

The 4-hour chart shows that XRP successfully broke above a descending channel but was immediately rejected at the $1.61-$1.69 supply zone.

If buyers can defend this demand zone and establish support above the broken trendline, the recent decline could be a healthy retest before another attempt toward $1.60-$1.65.