XRP holders are bracing for a tough road ahead as the cryptocurrency continues to slide in a weak market. Recent performances have been disappointing enough that analysts are losing hope for any near-term recovery. XRP has fallen below critical support levels, with few barriers left to prevent further declines.

A crypto analyst known as ‘Guy on the Earth’ has shared a dire outlook for XRP, indicating that the market structure is deteriorating. He highlighted that the price action is in danger of breaking out of its Descending Channel, which signals overall weakness instead of stabilization.

The analyst believes that the chances of XRP reclaiming the $1.95 level by the end of the week are slim. Losing the consolidation range that has held since November 2024 could potentially pull XRP down to a technical target around $0.90. His analysis is corroborated by indicators on both the monthly and two-week charts, which are nearing critical closes.

“There's little optimism left in the current price setup,” he stated. With no significant support levels holding and market demand appearing thin, XRP is vulnerable to ongoing selling pressure. The analyst's review was blunt, suggesting that the current market conditions are simply a reflection of the reality.

Charts accompanying the analysis depict XRP trading within a clearly defined downward channel, which has guided its price lower for several months. Each attempt to bounce back has been met with descending resistance, reinforcing the bearish trend. Recent candles show the price drifting toward the lower boundary of the Descending Channel, increasing the likelihood of a further correction.

Momentum indicators on the chart also indicate persistent pressure. XRP’s Relative Strength Index (RSI) is hovering near the lower end of its range, reflecting ongoing weakness as the price fails to gain traction.

In a recent discussion with a member of the crypto community, the analyst was asked if a daily close back inside the Descending Channel could offer temporary relief from the downturn. While acknowledging the possibility, Guy on the Earth described such a move as “trivial” compared to larger structural levels. He emphasized that the $1.95 level remains the most critical area to watch, as this structure has been intact for the last 13 months, serving as a significant support zone for XRP.

While a rebound to the channel wouldn’t reverse the broader bearish trend, it would at least suggest that XRP still has a fighting chance for growth. The current landscape for XRP appears daunting, but analysts stress the importance of watching the market closely as conditions evolve.