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Ripple XRP Price Analysis: Can XRP Recover?
Ripple's XRP is struggling to maintain its position around $1.25 after failing to break above a descending channel. Key support is at the 0.618 Fibonacci level. A close below $1.20 could lead to further declines toward the $1.10-$1.14 demand zone, potentially erasing gains since August. The short-term trend remains bearish, with sellers favored unless XRP can reclaim the $1.40 supply zone and break out of the descending channel. The situation is influenced by a hack-driven sell-off.