Ripple Price Analysis: Consecutive Lower Highs Spell Trouble for XRP Ahead of Crucial Week

Ripple’s XRP has yet to establish a clear direction after its August surge, with repeated rebounds being capped before buyers can regain control.

The current compression leaves the market at an important juncture, as holding the nearby support could eventually set up another recovery attempt.

Ripple Price Analysis: The Daily Chart

On the daily timeframe, XRP is consolidating after the sharp rally from around $0.99 to above $1.50. Since that initial surge, the price has formed a sequence of lower highs while remaining above the broader support structure, producing a descending channel.

The asset is currently trading around $1.37, close to the 0.5 Fibonacci retracement level at $1.34. This makes the $1.33-$1.34 zone an important near-term support area. So far, buyers appear to be defending it, but the rebound remains modest.

If this level gives way, the next important downside target sits around the 0.618 Fibonacci level at $1.26. This area also aligns closely with the moving average and the broader $1.22-$1.27 support zone, making it a particularly significant region for the medium-term structure.

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