XRP Nears Critical Resistance as Price Movement Tightens Within Descending Channel

Current Price Action: XRP is trading around $2.14, approaching a midline barrier at $2.28 within a descending channel, indicating a pivotal phase for potential directional movement.

Market Rebound: After a decline below $2.00, XRP rebounded, showing active defense from buyers, but recent volume contraction suggests traders are cautious and waiting for clearer signals.

Resistance and Support Levels: The asset is currently positioned between support at $2.10 and resistance at $2.18–$2.22, with movement through these zones likely to influence the next attempt toward the key $2.28 barrier.

Volume Trends: A significant drop in trading volume (30% over 24 hours) indicates a cooling phase post-rebound, as traders assess the market before re-engaging.