XRP just got rejected hard at that $1.43-$1.45 zone again and dropped to $1.41. Volume spiked 74% above average on the way down, which tells you sellers are definitely in control right now. Currently sitting around $1.33 after that intraday move, and the technical picture looks messy.

What's interesting is we're still trapped in this descending channel that's been defining the move since July's peak. The token keeps bouncing between support and resistance, but each bounce looks weaker than the last. I've been watching the $1.40 level closely because if that breaks and holds, we could see a real flush toward $1.33 and potentially lower.

The flip side: if XRP can stabilize and hold $1.40, there's a shot at retesting $1.45 and maybe pushing toward $1.55. But honestly, with open interest cooling off and the descending channel still intact, I'm not betting on a quick reversal. Institutional buyers via spot ETFs have been accumulating, but that hasn't stopped the price action from grinding lower. The real move might not come until we break out of this descending channel structure cleanly one way or the other. Watching $1.33 support closely—if that cracks, $1.00 is suddenly in play as a longer-term target.