Ripple’s XRP continues to trade within a long-term descending channel and remains trapped below major resistance between $1.24 and $1.29, where the upper channel boundary converges with the 100-day moving average. The primary support sits in the $1.02 to $1.05 demand zone. On the 4-hour chart, XRP has reclaimed the descending trendline that capped price action throughout July and is currently consolidating below the $1.16 to $1.18 resistance zone. A decisive breakout above $1.18 could trigger a move toward daily resistance around $1.24 to $1.29, while rejection would likely send the price back to retest the broken trendline as initial support.
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