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.