XRP could fall toward $1.25 — the lower boundary of a parallel channel — before attempting a rebound toward $1.42 or $1.60, according to analyst Ali Charts (shared on X). The token traded near $1.3059 on the four-hour Binance chart with immediate support around $1.29–$1.30, and bearish momentum has persisted since its September rally. Separately, Ripple congratulated Evernorth on its Nasdaq debut, highlighting the company's institutional XRP strategies and its role in the XRP ecosystem.

Ali Charts Identifies $1.25 as a Potential Buying Level

Ali Charts XRP appears to be trading within a parallel channel on the hourly chart. A parallel channel is a chart structure bounded by two parallel trendlines, a formation technical analysts use to frame where price may attract buying interest or run into resistance. The analyst identified the channel's lower boundary near $1.25 as a potential buying opportunity, noting that a rebound from that level could lift XRP toward the channel's midpoint at $1.42. A stronger recovery, if support holds, could then extend to the upper boundary near $1.60.

The four-hour picture, however, remains under selling pressure. XRP rallied to approximately $1.62 around September 22–23 before reversing into a sequence of lower highs and declining prices — a pattern chart readers typically interpret as a sign that each rally is advancing less far than the one before. The recent breakdown below the $1.40–$1.42 region pushed the token toward support between $1.29 and $1.30, which now stands as the immediate level to watch. At the time of writing, XRP was holding within that band, leaving $1.25 as the next downside marker if it gives way, while a recovery above $1.35 could improve short-term momentum.

Indicators Signal Persistent Bearish Momentum

XRP traded at $1.3059, up 0.15% on the latest four-hour candle. That candle opened at $1.3038, reached a high of $1.3267, and fell to a low of $1.2913, with trading volume at 25.23 million XRP.

The Relative Strength Index stood at 30.20, below its signal average of 38.99. That reading places the indicator near the conventional oversold threshold of 30 on a scale of 0 to 100, although the condition does not, by itself, guarantee an immediate recovery.

Momentum readings point in the same direction. The MACD line measured approximately -0.0223, below the signal line at -0.0169. The histogram stood at -0.0054, and both lines remained below zero, indicating continued downward momentum. The MACD works by measuring the gap between two moving averages of price, so when both of its lines sit below zero, it signals that short-term momentum is trailing its longer-term baseline.

Ripple Congratulates Evernorth on Nasdaq Debut

Separately, Ripple congratulated Evernorth on its Nasdaq debut, describing the listing as a milestone for the XRP ecosystem. The debut lands amid a broader stretch in which publicly listed companies building digital-asset strategies have attracted equity investors seeking exposure to crypto markets without holding tokens directly. According to Ripple, Evernorth puts XRP to work through institutional strategies and can expand alongside the network as new capabilities emerge. The statement did not provide further details about the debut.

Source: Cryptofrontnews