XRP Tags Lower Channel Support After a Soft Stretch

XRP is moving into an area where the next meaningful reaction could kick off. The OG altcoin has entered the lower-boundary of a descending multi-month price channel. The $1.24 price recorded at the time of publication is extremely close to the $1.22 support floor highlighted by Crypto Michael in one of his latest technical analyses. XRP’s Previous Setup Hints At Two Main Scenarios The upper resistance barrier is formed around the angle of $1.34, but XRP’s price would need to reclaim $1.28 first before that comes into play.