Mango Research has laid out a two-phase outlook for XRP, suggesting the token may first retreat toward a buying zone between $0.91 and $0.80 before any larger bullish reversal materializes. In a video presentation, the analyst highlighted a year-long falling channel on the XRP chart, noting that a confirmed breakout from that structure could eventually drive prices toward approximately $1.62.

According to the chart analysis, XRP has been trading within this descending channel since July of last year. While falling channels are frequently interpreted as bullish continuation or reversal patterns, the analyst emphasized that confirmation would only come once price breaks above the channel's upper boundary. XRP, the native token of the XRP Ledger used by payments company Ripple, has traded under distinct pressure compared with other large-cap cryptocurrencies, in part reflecting ongoing regulatory uncertainty tied to the U.S. Securities and Exchange Commission's case against Ripple. A federal judge ruled in July 2023 that programmatic XRP sales on public exchanges did not constitute securities offerings, though remaining legal questions have continued to shadow the token's market performance.

$1.62 Breakout Target, but Bearish Signals Persist

The analyst's measured-move calculation projects a potential upside target of $1.62 if XRP successfully breaks out of the channel. That price level would also exceed what the presenter described as "dynamic resistance" on a weekly indicator tracked through the Mango Research dashboard.

In the near term, however, the analysis remains decidedly cautious. XRP was characterized as "short across the board," with bears in control and volatility readings suggesting further downside remains possible. The presentation referenced dashboard figures of 18, 52, 13, 8, and 4, though no specific calculation methodology was disclosed beyond the platform's trend and volatility profile.

A two-day Mango Pulse indicator was also approaching, or had just triggered, a bearish cross. The analyst drew parallels to similar bearish crosses observed on January 23 and May 21, which preceded XRP declines of approximately 43% and 27%, respectively.

Why Mango Research Is Watching the $0.91–$0.80 Range

Despite the bearish short-term outlook, the presenter framed a deeper pullback as a potential accumulation opportunity rather than a invalidation of the broader thesis. The projected $0.91–$0.80 zone corresponds with the lower trendline of the falling channel and, in the analyst's assessment, could enable buyers to acquire XRP at levels near previous bear-market prices.

The argument is further supported by oscillator conditions. Stochastics were reported to be below the 20th-percentile area, while the RSI remained in what the analyst described as a bearish-control zone. The presenter noted that similar combinations of indicators had coincided with reversal zones during prior XRP bear-market cycles, while acknowledging that historical indicator behavior does not guarantee future outcomes.

The YouTube video accompanying the analysis included a promotional segment for leveraged trading on Bitunix, featuring a stated 20% deposit-related trading bonus. That promotion is independent of the chart thesis and carries the risks typically associated with derivatives trading, particularly during periods of heightened volatility.

For market observers, the critical question is not the $1.62 projection alone but whether XRP can reclaim the channel's upper resistance and subsequently hold that level as support. Until that occurs, the analysis presents a bifurcated outlook: potential near-term weakness toward the $0.80–$0.91 range, followed by a longer-term attempt at a trend reversal. Beyond the chart, unresolved elements of the SEC litigation and any further appellate-level developments remain variables that have historically moved XRP independently of broader crypto market trends.

Source: DailyCoin