[DigitalToday reporter Yoonseo Lee] XRP has moved close to the upper resistance line of a descending channel that has capped its price over the past 12 months.

On July 13 (local time), blockchain outlet The Crypto Basic reported that XRP was trading at $1.06, leaving almost no gap to the top of the channel.

The key is around $1.10. The upper trendline on the chart is formed in this zone, and a daily close above it could be a technical breakout signal. If it fails to clear resistance again, the downtrend structure that has lasted for nearly a year could hold once more.

This zone is also drawing attention for a compressed pattern similar to what was seen before past gains. XRP entered a descending channel after rising to $3.60 on July 2025, and each rebound attempt has been blocked by the upper trendline. As the lower trendline also moved down, the price slid from around $2.00 to $1.50 and $1.30, and is now around $1.06. The drop from the July 2025 peak exceeded 70 percent.

XRP also produced a breakout after a long period of sideways trading in its previous uptrend. In November 2024, a rise began after it broke out of a parallel channel between $0.45 and $0.75, and it climbed to around $3.30 in January 2025. It then formed a symmetric triangle pattern from $3.30 down to the $1.90 to $2.00 support zone before breaking above the upper trendline in mid-2025 and extending gains to $3.60 in July 2025.

A key point to watch is that the current phase resembles that period. But for a trend reversal to be recognised, it needs a daily close above the top of the descending channel, not just an intraday break.

If a break above the top is confirmed, the next resistance zone is in the $1.50 to $1.60 range. The zone served as support throughout the second half of 2025 but was later lost as the descending channel continued. If XRP regains it, the medium-term market structure could strengthen further.

After that, $2.00 is cited as a major inflection point. The $2.00 level underpinned the rally to $3.60 in mid-2025 and remains an important turning point on the chart. If the price rises from the current $1.0801 to $2.00, the gain would be about 85 percent.

Further resistance is also expected around $2.50 and $3.00. In the short term, whether it breaks $1.10, and in the medium term, whether it regains $1.50 to $1.60 and $2.00, remain variables that could shape XRP's next move.

The key in this phase is not a simple rebound, but whether it can actually clear the top of the descending channel that has lasted for a year. As XRP has previously shifted trends after prolonged compression, a daily close around $1.10 is expected to be a technical inflection point.