XRP Price Stalls Near Descending Channel Resistance

XRP's price has stalled at $1.38 after failing to break above its descending channel, as buyers absorb the decline and sellers struggle to extend it.

The altcoin reached the channel ceiling near $1.47 but turned lower before confirming a close above the resistance level.

The Relative Strength Index (RSI) remains weak at approximately 41, below the neutral midpoint of 50 and its smoothed average of 47.8, reflecting the pressure created by the rejection.