XRP Descending Channel Caps Rally – Will Bulls Mount A Comeback?

XRP is navigating a challenging technical landscape as it continues to trade within a well-defined descending channel on the daily chart. This bearish structure has kept price action under pressure, with each attempt at recovery meeting resistance along the upper trendline. The pattern reflects a broader struggle between bulls attempting to defend key support zones and bears maintaining a firm grip on short-term momentum. As XRP’s price coils tighter within the confines of the channel, this suggests that a decisive move could be on the horizon source: https://www.newsbtc.com/analysis/xrp/xrp-descending-channel/