The XRP price prediction indicates that XRP is within a descending channel

It's often said that getting in early is one of the best strategies in crypto, and XRP is a clear example of why.

The XRP price prediction shows that the token is still within a descending channel, with sellers having more momentum as the price struggles to break above key moving averages.

XRP Price Predictions: Bulls Struggling to Regain Foothold

Key Levels:

Resistance levels: $2.50, $2.60, $2.70

Support levels: $1.10, $1.00, $0.90

XRP/USD is currently trading around $1.782, showing weakness below both the 9-day ($1.988) and 21-day ($2.175) moving averages. This weakness suggests that the market sentiment is broadly bearish. The price action has been forming consistent lower highs and lower lows within a descending channel, indicating that the bulls are struggling to regain control. Trading volume has also tapered off, which could be a sign of reduced buying pressure or a lack of interest at current levels. However, if XRP breaks below the horizontal support near $1.70, there’s a strong likelihood that the price could head toward the key support level of $1.30 in the coming sessions.

Image: XRP/USD price chart (Bitスタンプ)

On the other hand, if the bulls manage to push and sustain a move above the 21-day MA, it could open the door for a rally towards the 50-day MA, currently at around $2.30. A deeper recovery would require clearing the $2.50, $2.60, and $2.70 resistance levels, which are crucial for the bulls to regain a more dominant position.

Will XRP Price Drop Further Soon?

If bearish pressure intensifies, there’s a possibility that XRP could retest and potentially break the lower boundary of the channel around the $1.10 support. A decisive break below this level would likely trigger a move toward deeper supports at $1.0