XRP Forms Channel Support That Puts Market In Difficult Spot, But Bulls Still Have A Chance
XRP has broken below the February support range that had kept it between roughly $1.25 and $1.55 for months, with the price dropping to about $1.10 in early June. The selloff did not lead to a collapse below $1, but it did confirm a real breakdown in the short-term structure. The decline stopped near a deeper descending channel support that has guided XRP lower since August 2025, which means bulls still have a possible defense line. The key level now is $1.10: holding above it keeps the broader channel-support case intact, while losing it would weaken that argument. XRP is currently around $1.12, after an intraday high near $1.17. If price recovers, $1.27 is the first major resistance to watch because former support may act as resistance. Some traders see potential for a sharper rebound later, possibly toward $1.96, if momentum shifts.
