
The daily chart shows XRP promenading inside a long-term descending channel, with the price recently tipping below the lower boundary of a multi-month consolidation range-a veritable pratfall for a gentleman of means. The recent selloff pushed XRP into the highlighted support region around $1.08-$1.20, where buyers managed to generate a reaction. However, the recovery has been as tepid as a teacup left to cool, indicating that demand remains as frugal as a famine at the club. As long as the asset stays beneath the former support zone around $1.70-$1.85, any upside movement is likely to be viewed as a corrective bounce rather than a proper reversal of the trend.