XRP’s Daring Escape from the Channel: Will It Reach $1.5?

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The XRP price is wriggling like a fish in a net around a crucial support range, which it has, rather ungraciously, defended during the recent sell-off. The token is ensnared within a multi-month descending support, a level that has repeatedly acted as a strong and structural base-though one suspects it would prefer to be elsewhere. The XRP price is trading at $1.36, with a 2.83% jump in the past 24 hours, which is about as thrilling as a teakettle whistling at a garden party. The rise, followed by a broader market rebound, was led by Bitcoin’s 2.97% gain, which is like a peacock strutting amidst a flock of pigeons.

The sentiment also received a mild boost after SBI Ripple Asia announced a joint research initiative with DSRV Labs to explore XRP Ledger use for Japan-Korea cross-border payments. While this development may underpin long-term utility narratives, short-term price action remains technically driven-akin to a man who has just discovered his umbrella is actually a parasol.

With the technicals compressing and the XRP price displaying relative strength, will the crypto manage to rise above the upper threshold? One can only hope it doesn’t collapse into a heap of despair, as is its habit.

Descending Channel Remains Intact

Ever since the XRP price topped above $3 in 2025, the trend has remained stuck within a descending channel, as if trapped in a particularly gloomy opera. The rally has been forming constant lower highs and lows, with the bearish forces dominating since the rejection. Although the price has initiated a rebound from the support of the channel, it remains confined to the range, like a mouse in a maze with no cheese in sight.

The Bollinger bands have begun to contract, as if the market is holding its breath in anticipation of a dramatic turn of events. Historically, such compression phases near structural support often precede expansion. Meanwhile, the direction of that expansion depends on whether buyers defend $1.30 or allow the price to slip towards the breakdown range-though one suspects the latter is the more likely outcome.

On the other hand, the daily RSI sits near 37, briefly approaching the oversold levels. The momentum is soaring upwards, but a clear rise above 50 is required. The selling momentum has cooled, but bullish momentum has not taken over yet. Therefore, until the price clears the upper boundary of the channel near $1.90, the broader trend remains bearish-unless, of course, the market decides to throw caution to the wind and dance in the streets.

XRP Price Prediction-Here’s What to Watch Next!

Currently, the XRP price is sitting above the immediate structural support at $0.13, while a drop below $1.15 may confirm the breakdown. Further, a drop below $1 may strengthen the bears, but in case the price reaches $1.5, it may trigger a minor breakout. However, the price is required to secure the channel’s middle line at $1.65, which may push it further to the upper line of the descending channel at $1.9-though one doubts it will be anything but a struggle.

A breakout with a strong buying volume and positive market sentiment may push the XRP price beyond $2, probably to $2.2 or even $2.6. For now, a monthly close above $1.5 is extremely important to keep up the bullish momentum; otherwise, the price may maintain a descending consolidation within the channel, which is about as exciting as watching paint dry in a rainstorm.

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2026-02-25 11:36