Ripple Price Stabilizes at Resistance Zones Ahead of Potential Breakout

Ripple's token price is showing signs of stabilization after its recent decline from higher levels. However, the recovery remains limited by resistance zones that continue to attract sellers.

The daily chart for XRP indicates that it continues to trade within a broader descending channel that has shaped the price action for months. The recent rebound from the $1.02 to $1.04 demand zone helped the asset recover, but the move did not change the larger bearish structure.

The main challenge for buyers remains the $1.17 to $1.20 supply zone, which sits near the upper boundary of the descending channel. A successful breakout above this region could open the path toward the next resistance area around $1.28.