XRP has rebounded by about 10% and is now trading around $1.36 after buyers defended the $1.25 to $1.30 demand zone earlier this week. The token is approaching the upper boundary of its short-term descending channel near $1.38, a level that will determine whether the rebound continues. A daily close above that resistance could open the way to $1.45 and then $1.65, while a close below $1.25 would invalidate the defense and expose $1.15 and $1. The four-hour chart still shows a relief rally within a downtrend until a confirmed break above the descending channel occurs.
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