XRP Channel Maps Out Level That Could End Current Pullback or Lead to Deeper Declines

The weekly XRP chart shows a descending channel that could determine whether the current crash comes to an end or leads to further losses. Specifically, the channel’s upper trendline now aligns with an important support level that could decide XRP’s next move. XRP has been under selling pressure since last week, with the decline worsening after the United States released hotter-than-expected Consumer Price Index (CPI) data this week. As a result, the cryptocurrency has fallen nearly 14.5% since last week and is now testing support around $1.30. During this decline, XRP has moved closer to the level where it broke above a descending channel in August 2026. The current pullback could determine whether that breakout remains valid and the former resistance level continues to act as support.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Crypto Basic.