XRP Forms Channel Support That Puts Market In Difficult Spot, But Bulls Still Have A Chance

XRP has entered one of its most uncomfortable technical zones in months. The cryptocurrency has now broken below a support base that had held since February, but the selloff has not yet turned into a collapse below $1. Instead, the daily chart shows the XRP price landing on a much older descending channel support that has guided it lower since August 2025. That leaves the cryptocurrency in a difficult position that shows the breakdown is real, but so is the possibility that the latest liquidatio