XRP Price Trapped Below $2 as $3 Target Looks Increasingly Unlikely

XRP's price has been stuck in a bearish structure, trading around $2.00, a level that has repeatedly acted as both support and resistance over the past few months.

While some analysts are calling for XRP to reach $3 by the end of December, the technical picture on the daily chart suggests caution rather than excitement.

XRP is currently trapped inside a descending channel, defined by a series of lower highs and lower lows since the summer peak. Every attempt to break higher has been rejected at the upper trendline, confirming that sellers are still in control.