Ripple Price Analysis: What’s Next for XRP After Holding Key Support?
📉 XRP has dropped into a critical demand zone between $1.24 and $1.32, losing momentum from its September recovery and maintaining a bearish trend with lower highs and lows.
🔄 A potential relief bounce could occur if XRP stabilizes and reclaims $1.32, which may lead to a move towards the $1.38–$1.42 resistance area; however, failure to hold above $1.24 could trigger a deeper correction.
📊 The 4-hour chart indicates XRP is trading within a descending channel, with immediate support around $1.27–$1.31; reclaiming $1.31 is crucial to disrupt the bearish trend, while falling below this support may lead to further declines.
📉 XRP has dropped into a critical demand zone between $1.24 and $1.32, losing momentum from its September recovery and maintaining a bearish trend with lower highs and lows.
🔄 A potential relief bounce could occur if XRP stabilizes and reclaims $1.32, which may lead to a move towards the $1.38–$1.42 resistance area; however, failure to hold above $1.24 could trigger a deeper correction.
📊 The 4-hour chart indicates XRP is trading within a descending channel, with immediate support around $1.27–$1.31; reclaiming $1.31 is crucial to disrupt the bearish trend, while falling below this support may lead to further declines.