XRP REBOUND INCOMING!? XRP appears to be trading inside a parallel channel on the hourly chart. This structure suggests XRP could still drop toward the lower boundary around $1.25 before seeing a meaningful rebound. That’s the level I’m watching for a potential buying opportunity. A bounce from $1.25 could give XRP the strength to rally toward the mid-range at $1.42, or potentially the top of the channel at $1.60.