TEKT0NIC

$XRP / USDT – Daily Chart (Update)

Price is currently trading around $2.014 USDT, showing a slight bounce after testing the lower boundary of a descending channel that’s been guiding price action since mid-year.

$XRP remains structurally bearish, with price trapped between parallel trendlines and struggling to break above key resistance zones. The recent green candle signals a short-term reaction, but until we see a clean breakout above the channel and reclaim higher levels, the bias stays tilted to the downside.

The chart highlights multiple blue zones — with the upper resistance near $3.60 USDT and support levels layered below. If bulls can build momentum here, we could see a push toward the mid-channel or even challenge the upper boundary. But failure to hold this bounce would likely send price back toward deeper support zones.

For now, this is a reaction point. Traders should watch how price behaves over the next few candles — confirmation will be key to determine whether this bounce has legs or if it’s just another lower high in the downtrend.

#XRP #Macro Insights# #Altcoin Season# #Bullish