XRP Price Tests $1.25 Support as Sellers Stay in Control
XRP is trading near $1.25 after failing to break above the upper boundary of its short-term descending channel. The level aligns with the 0.618 Fibonacci retracement and a previous demand zone. A recent dip to about $1.20 was followed by a modest rebound, but buyers have not yet confirmed a firm defense of support.
A daily close below $1.20 could expose the $1.10–$1.14 demand area. To improve the short-term outlook, XRP would need to recover $1.28, break above the descending channel and reclaim resistance around $1.40. For now, the chart structure favors sellers.
Bearish
The near-term assessment is bearish because XRP remains in a descending channel marked by lower highs and lower lows, and its latest attempt to rally was rejected near $1.33. The token is also trading around the $1.25 support area after losing the $1.34 Fibonacci level. A brief rebound from approximately $1.20 shows buyers are present, but the article notes that a successful defense has not been confirmed.
For traders, $1.20 is the key downside level: a decisive daily close below it could increase selling pressure and bring the $1.10–$1.14 demand zone into view. If support holds, reclaiming $1.28 and then the channel boundary near $1.30 could prompt short-term relief buying. A stronger change in trend would require a break above the channel and the $1.40 supply area. As with other technical support tests, a wick below support followed by a recovery can attract buyers, while a confirmed close beneath it may trigger stop-losses and reinforce bearish momentum. This is a chart-based assessment, not evidence of a broader market breakdown; longer-term direction remains uncertain and depends on whether XRP can recover key resistance levels.