"Rebound Over"...XRP's Uptrend Scenario Collapses, Only Downside Remains

▲ XRP/ChatGPT generated image

Analysis suggests that XRP's recent rebound has ended, with market direction once again leaning downwards.

According to reports from a virtual asset specialized media on April 9 (local time), XRP has failed to secure additional upward momentum after a short-term rebound, increasing the likelihood of entering a downward scenario again. Analysts have characterized the recent rise as a 'relief rally,' deeming it difficult to see as a trend reversal.

Currently, XRP remains trapped within a long-term downtrend that has continued since its 2025 peak. Although there was a short-term rebound, structurally, a typical bearish pattern of repeating lower highs and lower lows is still being maintained, according to analysis.

Technically, whether XRP breaks above the upper boundary of the descending channel is identified as a key variable. If it fails to break this resistance, additional downward pressure is likely to intensify, and some analyses warn that a break below major support levels could lead to an expanded decline.

However, there is also a view that it is too early to conclude a complete bearish reversal. In the long term, a strong rebound could occur upon breaking out of the descending channel, and past similar patterns have shown instances of sharp rises after such breakouts.

Ultimately, XRP is at a crossroads, with both the negative signal of the short-term rebound ending and the potential for a mid-to-long-term reversal coexisting. The market is currently considered to be in a phase of searching for direction between 'trend continuation' and 'reversal initiation.'

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