XRP's Price Tests 80-Day Downtrend: Will Channel Break or Fade?

XRP's price has been fluctuating around $1.0732, down 0.99% in the last 24 hours. However, beneath this surface-level movement lies a more interesting story. A 4% bounce off the August lows is testing an 80-day falling channel.

One technical level will confirm whether this move has legs or fades. Every prior rally since May has stalled at the same resistance zone of $1.15 to $1.18.

The XRP market cap sits at approximately $68.27 billion with a circulating supply of 62 billion tokens and 24-hour trading volume around $877 million, stable but not explosive.