Ray points out that $XRP is currently facing resistance from a descending channel, with a target price of $2.50 to $4.00. #Ripple Amidst the overall sluggish cryptocurrency market, XRP has also encountered resistance, falling 5.8% over the past three days, its recent upward momentum stalling. Despite the recent pullback, chart data shows that XRP still has the potential to rise by 77% to 180%, within the $2.50 to $4.00 price range. The main obstacle for XRP to bounce to the target price is the upper resistance trendline of the long-term descending channel. This descending channel formed after XRP's fall from its peak of $3.60 in July and has dominated its price action for the past eight months. XRP previously attempted to break through this upper resistance trendline on October 2, 2025, and January 6, 2026, but encountered strong resistance each time.