XRP Faces Resistance as Stabilization Continues
Ripple's token, XRP, is showing signs of stabilization after its sharp decline from higher levels. However, the recovery remains limited by a series of resistance zones that continue to attract sellers. Buyers have defended recent lows, but the market still needs a clear structural breakout before a stronger upside move can be considered.
On the daily timeframe, XRP continues to trade inside a descending channel that has shaped price action for months. The recent rebound from the $1.02 to $1.04 demand zone has helped the asset recover, but the move has not yet changed the larger bearish structure.
The main challenge for buyers remains the $1.17 to $1.2 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, but until XRP breaks out and confirms strength above it, upside attempts may continue to face selling pressure.