XRPUSDT Under Pressure: Could Price Fall Toward 0.9700 Soon?

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XRPUSDT Under Pressure: Could Price Fall Toward 0.9700 Soon?XRP / TetherUSBINANCE:XRPUSDTGoldenPearl_tradXRPUSDT continues to trade within a well-defined descending channel. The latest recovery reached the upper boundary but was quickly rejected, suggesting that selling pressure remains intact. The upper boundary is acting as dynamic resistance, repeatedly limiting each recovery and creating a series of lower highs. The fact that sellers are stepping in at progressively lower levels shows that they remain in control of the price action. For now, the grey support zone is the key area to watch. Price may pause or stage a brief rebound from this zone. However, if support breaks decisively and price fails to reclaim it during a retest, the bearish trend will likely continue. In that scenario, 0.9700 would become the next downside target, located near the lower boundary of the channel. This bearish outlook would be invalidated if XRPUSDT breaks above the dynamic resistance and holds outside the channel. For now, I will wait for further confirmation from the price action before making a decision. This is only my personal technical view, not financial advice.