$XRP The price is currently trading in a descending channel pattern which suggests the downtrend may continue to new lows before a rebound can occur.
The broader crypto market remained stuck in a downtrend as selling pressure persists at all levels. Since hitting the all-time high of $3.6 in July 2025, $XRP continued to fall, now changing hands at $1.08. This represents a 70% drop from the peak.
$XRP Trading in the descending channel
Notably, the downward price action has resulted in a series of lower highs and lower lows over the past year, leading to the formation of a descending channel pattern on the daily chart.
For the uninitiated, a descending channel is a pattern in which an asset moves between two parallel descending trend lines. In this case, the upper trendline acts as resistance, while the lower trendline acts as support.
This trend often occurs during a steady downtrend, as prices continue to fall. With both trendlines sloping downward, the asset constantly experiences resistance and lower highs, as well as support at lower lows until a breakout above the upper trendline occurs.
Collapse of resistance and support levels
From $XRP It slipped into the channel in July 2025, all efforts to exit met resistance at the upper trendline. Meanwhile, buyers continued to defend against any attempts to break the lower trendline.
The first breakout attempt took place in early October 2025, when $XRP surged to a high of $3.10. It faced resistance in this area, which aligned with the upper trendline, and a pullback ensued, ultimately leading to a decline to $1.27 at the price. the market crash of October 10.
Another breakthrough attempt came during the January 2026 recovery surge, as $XRP surged to a high of $2.41, matching the upper trendline. However, the declines triggered a pullback, which ultimately resulted in $XRP to a minimum of $1.1 in early February 2026.
Buyers intervened again at this low and defended support around the lower trendline. Since then, $XRP failed to leap towards the upper trendline or fall towards the lower trendline, trading around the midpoint of the channel for five months now.
Possible $XRP Drop to $0.8
Now the $XRP The price appears to be gravitating towards the lower trendline following the decline from the high of $3.6 earlier this week. If the market as a whole experiences renewed selling pressure, $XRP May record steeper declines to find support at the trendline.
This would notably imply a drop in the price range from 0.8 to 0.9 dollars, more precisely around 0.84 dollars, which represents a drop of 22% compared to the current price of 1.08 dollars. This would also mark a 76% collapse from the high of $3.6, consistent with previous pullbacks. $XRP was recorded during past cycles.
If buyers defend this level, the $0.8 area could mark $XRPIt is down for that ongoing downward trend. Analysts such as Nerd and Casi exchange chart have already suggested it. A recovery from here could help buyers break above the channel’s upper trendline, possibly pushing $XRP above the $2 price level.