📈 While short-term price swings have sparked debate, $XRP continues to trade within its long-standing descending channel on the weekly timeframe a structure it has respected multiple times without any confirmed breakdown.

From a technical perspective, repeated rebounds near the lower boundary and reactions near the upper boundary suggest the market is still honoring this range. As long as price action remains contained within the channel, the broader structural setup remains intact.

Temporary pullbacks, in this context, may reflect normal volatility rather than a shift in trend. Sustained positioning within the channel indicates underlying support, keeping the longer-term outlook cautiously constructive.