XRP Eyes Breakout Above Decades-Long Downtrend Resistance

XRP has been steadily climbing in recent months and is now approaching a key resistance level that has held it back for over a year. According to a three-day TradingView chart, XRP is currently trading at the bottom of its range, testing a descending trendline that has acted as resistance since mid-2025.

A breakout above this formation would shift the market structure into a new uptrend, but another rejection could send XRP's price plummeting to levels last seen in 2024. The token currently trades at $1.07, down 0.3% over the past 24 hours and 4% over the past seven days.

Despite the recent pullback, XRP has gained 3.06% over the past month, but it is still down 41.65% year-to-date. Technical analyst Casi recently stated that XRP is following a bearish scenario she previously outlined, and expects a break below $1.00 with downside targets at the 0.786 Fibonacci retracement level equivalent to $0.87.

Other market watchers have expressed similar views, calling for XRP to drop to $0.70 before the next major uptrend begins. Meanwhile, a recent report by The Crypto Basic found that XRP whale activity on Binance has dropped significantly, with both large inflows and outflows declining.