Ripple Price Analysis: XRP must re-claim this key level to restart the rally XRP is trying to recover towards $1.32 after protecting the $1.26 support level, where a break above $1.34 could change the short-term market structure. The asset is currently facing resistance at the 0.5 Fibonacci level of $1.34, and failure to recover this level could lead to further declines towards $1.20. The 4-hour chart indicates that XRP is in a descending channel, with buyers protecting the $1.26 area; However, a decisive close below this level could signal a loss of buyer control and further downside.