XRP Stuck in Descending Channel, Possible Bottom at $0.8
XRP has been trading within a descending channel pattern since July 2025, indicating a possible area where the downtrend could end.
The broader crypto market has remained stuck in a downward trend, with XRP experiencing a 70% decline from its $3.6 all-time high to its current price of $1.08.
The descending channel pattern is characterized by a series of lower highs and lower lows, with the upper trendline acting as resistance and the lower trendline acting as support.
Buyers have continued to defend against attempts to breach the lower trendline, while sellers have met resistance at the upper trendline, leading to repeated pullbacks.
Analysts such as Chart Nerd and Casi Trades have suggested that a drop to the $0.8 area could mark XRP's bottom for this ongoing downtrend.