XRP is currently continuing to oscillate within a descending channel; the key short-term resistance level sits at $1.61, while the primary support level is at $1.27. Should the price break above the downtrend line and firmly consolidate at that level, it could potentially advance further to test the $2 mark. Conversely, if it breaches key moving average support levels, there is a risk of a retracement toward $1.27—or even as low as $1.11. The market is currently in a directional decision-making phase; therefore, it is essential to watch for confirmation signals following either a breakout or a breakdown.