XRP remains trapped in a descending channel, with trend resistance near $2.08. Price is stabilizing above $1.85, but repeated tests show buyers are defensive, not aggressive. A 1 billion XRP escrow unlock on January 1 adds short-term supply risk amid thin liquidity. XRP price today trades near $1.87 after another subdued session, with price holding just above short-term support as broader momentum remains weak.
The market sits at an inflection point, caught between a persistent downtrend on higher timeframes and a major supply event scheduled for early January. On the daily chart, XRP remains locked inside a descending channel that has guided price lower since the October peak. Each recovery attempt has failed below the upper boundary, reinforcing a pattern of lower highs. The Supertrend remains red near $2.08, signaling that trend control has not shifted back to buyers.
Price is currently stabilizing near the rising support trendline around $1.85 to $1.87. This area has acted as a short-term floor through late December, preventing a deeper breakdown. On the 1-hour chart, XRP has entered a tight consolidation range between $1.84 and $1.90, with RSI near the upper 50s and a modestly positive MACD. The January escrow unlock adds short-term supply risk, while the CLARITY Act and other regulatory developments shape the longer-term backdrop.
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