Ripple's XRP Price Slumps as Sellers Gain Ground

Ripple's XRP price has been under pressure after failing to sustain its previous rebound. The token is trading below major resistance levels and within a long-term descending channel on the daily chart.

The $1.02 to $1.04 demand zone has been attracting buyers, triggering recent rebounds. However, these recoveries remain vulnerable as long as XRP stays beneath the descending trendline and the major resistance area around $1.24 to $1.28.

The 4-hour chart highlights the breakdown below a yellow ascending trendline, confirming that buyers have lost short-term control after failing to defend higher lows. The current rebound has pushed XRP back toward the $1.08 to $1.09 resistance area, which previously acted as support before the breakdown.