Is XRP Setting Up the Next Big Move? Here’s What This Chart Shows

Crypto enthusiast Lana Valentis (@LanaValentis) recently published a technical breakdown of XRP, noting the asset is “poised to rebound from the broken descending channel on the daily timeframe, bolstered by robust buyer support confirming the retest.” XRP has traded within a descending channel since it hit its all-time high of $3.65 in July 2025. The upper trendline has capped every significant rally since mid-2025. The lower trendline has repeatedly provided support. The chart shows price compressing toward the lower trendline through July and August, with a green highlighted zone near $0.99 marking the support region.