<ul><li>XRP is trading within a descending channel on the daily chart, facing resistance at the upper trendline, indicating a bearish outlook.</li><li>Bears are currently dominating the market, keeping the price below key resistance levels, potentially pushing XRP towards lower support levels within the channel.</li><li>The Moving Average Convergence Divergence (MACD) indicator shows a potential bullish crossover, suggesting a trend reversal and growing bullish strength, but previous failed breakouts create skepticism.</li><li>XRP is approaching a critical support zone near the lower boundary of the descending channel, where a hold could lead to a short-term bounce, while a breakdown may result in further downside pressure towards multi-week lows.</li></ul>

XRP Descending Channel Caps Rally – Will Bulls Mount A Comeback?

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