XRP Tests Channel Ceiling as Breakout Remains Unfinished

XRP has returned to the upper edge of its four-hour correction, testing the $1.47-$1.50 breakout area.

A close above the descending channel would confirm the initial breakout, but the first retest and the failed $1.55 pivot will determine whether the move develops into a broader recovery.

The chart shows XRP challenging the channel ceiling after gaining approximately 6% over 24 hours, bringing the price back to the upper boundary of a downward-sloping channel on the four-hour chart.

The channel developed after XRP began its rapid August rally near $1 and advanced to almost $1.70, forming a sequence of lower short-term highs and lows while remaining well above the area where the rally began.