The post XRP Price Coils Around the Channel Support—Is a Breakout Beyond $1.5 Possible? appeared first on Coinpedia Fintech News
The XRP price is compressing around an important support range, which it defended during the recent sell-off. The token is stuck within a multi-month descending support, a level that has repeatedly acted as a strong and structural base. The XRP price is trading at $1.36 with over a 2.83% jump in the past 24 hours. The rise, followed by a broader market rebound, was led by Bitcoin’s 2.97% gain.
The sentiment also received a mild boost after SBI Ripple Asia announced a joint research initiative with DSRV Labs to explore XRP Ledger use for Japan-Korea cross-border payments. While the development may underpin long-term utility narratives, short-term price action remains technically driven.
With the technicals compressing and the XRP price displaying relative strength, will the crypto manage to rise above the upper threshold?
Descending Channel Remains Intact
Ever since the XRP price topped above $3 in 2025, the trend has remained stuck within a descending channel. The rally has been forming constant lower highs and lows, with the bearish forces dominating since the rejection. Although the price has initiated a rebound from the support of the channel, it remains confined to the range.
The Bollinger bands have begun to compress after the price tapped the lower band recently. Historically, such compression phases near structural support often precede expansion. Meanwhile, the direction of that expansion depends on whether buyers defend $1.30 or allow the price to slip towards the breakdown range.
On the other hand, the daily RSI sits near 37, briefly approaching the oversold levels. The momentum is soaring upwards, but a clear rise above 50 is required. The selling momentum has cooled, but bullish momentum has not taken over yet. Therefore, until the price clears the upper boundary of the channel near $1.90, the broader trend remains bearish.
XRP Price Prediction—Here’s What to Watch Next!
Currently, the XRP price is sitting above the immediate structural support at $0.13, while a drop below $1.15 may confirm the breakdown. Further, a drop below $1 may strengthen the bears, but in case the price reaches $1.5, it may trigger a minor breakout. However, the price is required to secure the channel’s middle line at $1.65, which may push it further to the upper line of the descending channel at $1.9.
A breakout with a strong buying volume and positive market sentiment may push the XRP price beyond $2, probably to $2.2 or even $2.6. For now, a monthly close above $1.5 is extremely important to keep up the bullish momentum; otherwise, the price may maintain a descending consolidation within the channel.