#XRP Market Update.
$XRP is trading at 1.0152 on the daily chart, pressing against the lower edge of the descending channel that has been in place since the October peak near 3.0000.
The floor of this structure continues to hold just above the 0.9700 level.
Bullish scenario: A sustained reclaim of 1.1000 would signal a genuine recovery attempt and open the door for a move toward 1.1600.
Bearish scenario: A decisive break below 0.9700 and the channel base would leave the door open for fresh downside.
Is this the bottom, or is further weakness still ahead?
Check out $XRP from here👇
$XRP is trading at 1.0152 on the daily chart, pressing against the lower edge of the descending channel that has been in place since the October peak near 3.0000.
The floor of this structure continues to hold just above the 0.9700 level.
Bullish scenario: A sustained reclaim of 1.1000 would signal a genuine recovery attempt and open the door for a move toward 1.1600.
Bearish scenario: A decisive break below 0.9700 and the channel base would leave the door open for fresh downside.
Is this the bottom, or is further weakness still ahead?
Check out $XRP from here👇