Ripple Price Analysis: XRP Faces Another Rejection as Short-Term Outlook Weakens
CryptoPotato · Sat, 24 Oct 2026 14:50:12 GMT
Hype 18/100 · Market impact 30/100 · Breaking 53/100
Tags: XRP
XRP reversed its latest rebound and fell back toward $1.28, returning to the $1.25-$1.32 demand zone, a range that previously drew buyers, after a recovery toward $1.37-$1.40 met descending channel resistance. The token has stayed in a descending channel marked by lower highs since its September peak, and the rejection reinforced that structure. A daily close below $1.25 would confirm the demand zone was lost and could expose $1.20, then $1.09-$1.14, while reclaiming $1.32 would be an initial improvement. On the 4-hour chart, a move above the prior high near $1.39 into the $1.38-$1.40 area where descending resistance also applied quickly reversed, indicating a failed breakout and renewed bearish momentum, with another test of $1.25 the main near-term risk.
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