XRP Downtrend May Find Support at Channel's Lower Boundary

XRP has been trading within a descending channel on its daily chart since July 2025, and some analysts believe that the $0.80 to $0.90 range could be the end zone of the latest downtrend.

The current price is down about 70 percent from its all-time high (ATH) of $3.60 recorded in July 2025.

Technically, a clear descending channel has formed since July 2025, with the upper trendline acting as resistance and the lower trendline as support.

XRP has tried twice to break above the upper boundary but was blocked by resistance both times.

The market is watching whether buying steps in again to defend at this level, which could be a bottom candidate according to chart analysts Chart Nerd and CasiTrades.