XRP Falling Channel Resolution Maps Path Toward $3.18

$XRP has continued to trade within a falling channel since dropping from the $3.6 peak, with the structure now mapping a path above $3.

Notably, for almost a year, the token has formed a pattern of lower highs and lower lows while staying between two downward-sloping parallel trend lines. At the time of the analysis, $XRP changes hands at $1.08, with traders pondering whether the correction is close to ending.

Most analysts see a falling channel that appears after a strong rally as a correction, not necessarily the start of a long-term downtrend.

In $XRP’s case, the upper trend line has repeatedly stopped buying pressure, while the lower boundary has continued to attract buyers during sharp declines. Amid this pattern, the price has remained inside the channel, with each swing becoming smaller over time.

Repeated Breakout Attempts Continue to Fall Short

$XRP has tested the upper boundary of the channel several times, but none of those attempts has resulted in a lasting breakout. The first major rally reached $3.18 in September 2025 before sellers pushed the price back into the channel.

Another move followed in October 2025, but ended at $3.10. Each rally after that lost more strength. In early January 2026, $XRP climbed only to $2.31 before turning lower.

The next attempt reached $1.48 in May 2026, while the latest recovery topped out at $1.29 in June 2026. This $1.29 level had served as a major support area between February and June 2026, but it later became resistance after the price fell below it.

This series of failed breakouts points to weakening buying momentum. Every recovery has ended below the previous one, showing that sellers have continued to gain control throughout the correction.

Lower Support Levels Reflect a Gradual Loss of Strength

Buyers have also stepped in several times to defend the lower edge of the channel. $XRP first found support at $2.72 in August 2025 before bouncing higher. It later tested $2.19 in October 2025, $1.77 in December 2025, $1.28 in April 2026, and $1.05 in June 2026.

Although buyers managed to lift the price after each decline, every successful defense came at a lower level than the one before it. This suggests that buyers have remained active, but they have not regained enough strength to reverse the broader trend.

As long as this pattern continues, the falling channel remains the dominant structure on the chart. $XRP will likely stay under pressure until it breaks above the channel in a convincing way.

Chart Points to One More Dip Before a Move Toward $3.18

The current chart pattern suggests that $XRP could make one more move lower before the correction ends. The projected target stands at $0.9223, which matches the lower boundary of the falling channel.

A drop to that level would mark the deepest point of the correction and represent about a 75% decline from the July 2025 peak of $3.60.

If buyers defend $0.9223, the chart outlines a step-by-step recovery. The first target sits at $1.29, where previous support has turned into resistance. From there, $XRP could pull back to $1.11 to confirm that level as new support.

If this support holds, the next move could carry $XRP to $1.81, which matches the support area formed in December 2025. The chart then suggests another short pullback to $1.55 before a stronger rally begins.

From that point, $XRP could climb toward $3.18, a level that matches both the failed breakout high from September 2025 and a major resistance zone. Reaching $3.18 would also mark a shift from lower highs and lower lows to higher highs and higher lows, confirming that the long correction has ended.