XRP Shatters Descending Channel, But What's Next?

XRP has broken out of its months-long descending channel, surging from the $0.98-$1 support region and clearing multiple resistance levels.

The token's impulsive move has dramatically improved its short-term structure, but it is now testing a key resistance area around $1.10-$1.15, raising the risk of short-term consolidation or pullback.

On the daily chart, XRP decisively escaped the descending channel that had governed price action for several months.