Ripple Price Analysis: Is XRP Out of the Woods After 10% Rebound?

XRP is attempting a recovery after buyers defended the $1.25-$1.30 demand zone earlier this week. Now trading around $1.36, the asset is approaching the upper boundary of its short-term descending channel. This level could decide whether the rebound develops into a broader recovery or fades into another lower high. XRP Price Analysis: The USDT Pair The daily chart shows XRP still within the broader bearish structure that followed its early-2026 peak near $2.40. The sharp August rally from the $1.00 region carried the price into the $1.70 supply zone, but sellers rejected the move, and the September attempt topped out lower near $1.65, creating a double top just below the area. The latest decline found support once more in the $1.25–$1.32 demand zone, which served as the base of the mid-September rebound. A lower wick toward approximately $1.25 and the subsequent bullish candles suggest buyers are responding at this area. Holding above it would keep the recovery attempt intact, with the early-October bearish imbalance around $1.50 acting as the first resistance ahead of the major $1.70 supply zone. Conversely, a decisive daily close below $1.25 would invalidate the current defense a...