Ripple’s XRP remains trapped beneath a major technical barrier despite recovering from its late June lows. The recent rebound has improved short-term sentiment, but the price is now approaching an area where buyers must absorb significant overhead supply before a broader trend reversal can be considered.Ripple Price Analysis: The Daily ChartThe daily chart shows XRP continuing to trade within a well-defined long-term descending channel. Although the recent rebound has lifted the asset away from the $1.02 to $1.05 demand zone, the broader structure still favors sellers while the asset remains below the channel’s upper boundary and the major moving averages.The immediate hurdle sits inside the $1.24 to $1.29 resistance zone, where the upper channel boundary converges with the 100-day moving average. This confluence makes the area particularly important, as a rejection here would reinforce the prevailing downtrend.A successful breakout above this region would expose the 200-day moving average next, but buyers first need to reclaim the current resistance cluster before a more constructive outlook can develop.On the downside, the $1.02 to $1.05 demand zone remains the primary support. Losing this area would likely shift momentum back toward the broader bearish trend.XRP/USDT 4-Hour ChartThe 4-hour chart paints a more constructive short-term picture. XRP has managed to reclaim the descending trendline that capped the price action throughout July and is now consolidating directly beneath the $1.16 to $1.18 supply zone.This resistance has repeatedly rejected bullish attempts in recent weeks, making it the key level to monitor. A decisive breakout above $1.18 could trigger a move toward the daily resistance around $1.24 to $1.29, while another rejection would likely send the price back to retest the broken trendline as initial support.As long as the asset continues to hold above the reclaimed trendline, buyers retain a modest short-term advantage. However, the broader trend will remain neutral to bearish until the price establishes acceptance above the overhead resistance cluster.The post Ripple Price Analysis: XRP’s Recovery Is a Trap Until This Happens appeared first on CryptoPotato.