XRP Descending Channel Highlights Possible Area Where the Downtrend Could End

XRP currently trades within a descending channel pattern that suggests the downtrend may continue to new lows before a rebound could occur.

The broader crypto market has remained stuck in a downward trend, as selling pressure persists across the board. Since hitting the $3.6 all-time high in July 2025, XRP has continued to slide lower, now changing hands at $1.08. This represents a 70% decline from the peak.

XRP Trading Within Descending Channel

Notably, the downward price action has resulted in a series of lower highs and lower lows over the past year, leading to the formation of a descending channel pattern on the daily chart.

For the uninitiated, a descending channel is a pattern where an asset moves between two parallel downward-sloping trendlines. In this case, the upper trendline acts as resistance, while the lower trendline acts as support.

The pattern often plays out during a consistent downtrend, as prices continue to drop lower. With both trendlines sloping downward, the asset persistently witnesses resistance and lower highs and support at lower lows until a breakout above the upper trendline occurs.

Collapsing Resistance and Support Levels

Since XRP slipped into the channel in July 2025, all efforts to break out have met resistance at the upper trendline. Meanwhile, buyers have continued to defend against any attempt to breach the lower trendline. 

The first attempt at a breakout came up in early October 2025, when XRP jumped to a high of $3.10. It faced resistance at this area, which aligned with the upper trendline, and a pullback ensued, eventually leading to a drop to $1.27 during the Oct. 10 market-wide crash.

Another breakout attempt played out during the January 2026 recovery push, as XRP soared to a high of $2.41, which aligned with the upper trendline. However, bears triggered a pullback, which eventually dragged XRP to a low of $1.1 by early February 2026.

Buyers stepped in again at this low and defended the support around the lower trendline. Since then, XRP has failed to jump toward the upper trendline or drop toward the lower trendline, trading around the midpoint of the channel for five months now.

Possible XRP Drop to $0.8

Now, the XRP price seems to be gravitating toward the lower trendline after the drop from the $3.6 high earlier this week. If the broader market experiences renewed selling pressure, XRP may record steeper declines to find support at the trendline.

Notably, this would involve a drop to the $0.8 to $0.9 price range, specifically around $0.84, representing a decline of 22% from the current price of $1.08. This would also mark a 76% crash from the $3.6 peak, consistent with previous drawdowns XRP has recorded from past cycles.

If buyers defend this level, the $0.8 area could mark XRP’s bottom for this ongoing downtrend. Analysts such as Chart Nerd and Casi Trades have already suggested this. A recovery from here could help buyers breach the upper trendline of the channel, eventually pushing XRP above the $2 price level.