XRP BREAKS INTO DESCENDING CHANNEL AHEAD OF NEW YEAR

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XRP BREAKS INTO DESCENDING CHANNEL AHEAD OF NEW YEARXRP / U.S. dollarBITSTAMP:XRPUSDRocksorgate๐ŸŒŸ Hey hey, gonna keep things short here, and thanks for joining me for what might be our last post of 2025! ๐ŸŒŸ Above I've linked, referenced our previous idea this week in which we we're watching to see whether or not XRP would break that resistance and gain ground by breaking up and back into our descending channel which was acting as a large point of resistance up until now as we can see the difference from that last idea to today's. ๐ŸŒŸ Above is our 4 hour chart as a reference to show that descending channel in blue which has been acting on us the last few weeks being a strong resistance but being above and in the channel now it'll act as a support basically. That being said on our 4 hour we can still see our 20, 50 EMA's haven't converged yet so keeping eye for that since it would be a bullish confirmation of a trend reversal and could help us regain our 200 EMA which eventually could propel us back up and out of this channel to retest that $1.95-$2.00 zone. ๐ŸŒŸ So keep that noted, right now we can see this tug of war going on and with our lower low on the local for the day we may end up losing the 200 EMA by which we'll have to retest $1.85 and that lower blue band of the descending channel for support. ๐ŸŒŸ I'll be sure to keep posted as we continue to do, so thanks for joining me today, wanted to share some quick thoughts and what to watch for as we head into the new year though on the bright side we've broken back into our descending channel and will soon be in January, let's see what 2026 has in store for us and so grateful to share this year with all of you. It's been a blessing. ๐ŸŒŸ As always thanks so much for the support, appreciate it and wishing all the best! Best regards, ~ Rock '