XRP Price Outlook Remains Bearish Below Key Resistance

The XRP price remains within a descending channel of lower highs and lower lows. According to analyst @ashleytheduke, this pattern indicates that sellers retain control in the near term.

A break below $1.06 weakened the technical outlook, with the market struggling to establish a sustained recovery above nearby resistance.

The current setup follows a period of weakness that has pushed XRP below several short- and medium-term moving averages.