XRP Weekend Outlook: Descending Channel Still in ControlXRP / US DollarCOINBASE:XRPUSDStructure_ViewXRP Weekend Outlook: Descending Channel Still in Control XRP continues to trade inside a well-defined descending channel, with every recovery attempt stalling beneath the upper boundary. The series of lower highs and lower lows remains intact, suggesting that sellers continue to dominate the short-term trend. As the weekend begins, attention shifts to the lower boundary of the channel, where the next directional move may develop. 📊 Technical Picture Price has respected both sides of the descending channel for several weeks, making the pattern one of the clearest technical structures on the chart. The upper boundary continues to act as dynamic resistance, preventing buyers from building sustainable momentum. If XRP loses the lower channel support, the next downside targets become the first demand zone around 63.5B market capitalization, followed by the major demand near 56.2B. A breakout above channel resistance would invalidate the bearish structure and improve the short-term outlook. 🌍 Market Context XRP continues to trade in line with the broader cryptocurrency market, where sentiment has cooled after the recent rally. Investors remain focused on macroeconomic expectations and overall crypto market liquidity, while weekend trading conditions could amplify reactions around key technical levels. For now, price action remains the dominant driver. 📈 Weekend Scenarios 🔻 Bearish Scenario (Preferred) A confirmed break below channel support would reinforce the current downtrend and expose the 63.5B demand area. Continued weakness could extend the decline toward the 56.2B major demand zone. 🟢 Bullish Scenario A breakout above the upper channel boundary would invalidate the bearish structure and suggest that buyers are beginning to regain control.