XRP Market Outlook: Can Bulls Hold the Line Above $2?

XRP’s recent price action continues to reveal a weakening market structure, with the asset sliding deeper into a long-standing descending channel. Since topping out near $3.50, every attempted recovery at the channel’s upper boundary has been swiftly rejected, reinforcing the dominance of sellers. XRP now trades slightly above $2, resting on the channel’s lower trendline — a level that has historically sparked short-lived rebounds but has failed to alter the broader bearish trend in recent months.

This support zone remains important, but its inability to trigger a meaningful shift in momentum suggests that the downtrend is far from over. The key question now is whether XRP can stay above this support long enough to avoid a potential drop toward the critical $1 “reset” region. This is not an arbitrary figure; the $1–$1.20 range acted as a high-liquidity consolidation zone before XRP’s major rallies in late 2024 and early 2025. If the descending channel finally breaks down decisively, market structure alone increases the probability of a retest of that region. Many long-term holders also view $1 as a fair correction value, historically attracting strong buyer interest.

What raises additional concern is the rising volume accompanying XRP’s recent declines. Growing sell volume typically reflects conviction selling rather than panic, an indication that market participants expect further downside. Momentum indicators also provide little relief, as no clear bullish divergence has formed to signal a potential trend reversal.

Still, a complete breakdown is not guaranteed. If buyers manage to defend the lower boundary again, XRP could stage a rebound toward the $2.40–$2.60 resistance zone. Any such move, however, should be viewed as a temporary counter-trend rally rather than a bullish reversal unless the price escapes the descending channel and reclaims key moving averages overhead.