Ripple Price Analysis: XRP Faces Downward Pressure Amid Lower Highs

XRP is currently consolidating following its August rally, with the price forming a series of lower highs within a descending channel. The asset is testing support near the $1.33-$1.34 range, which aligns with the 0.5 Fibonacci retracement level. A failure to hold this support could lead to a decline toward the $1.26 level. On the upside, XRP needs to break through the $1.40-$1.42 resistance zone on the 4-hour chart to signal a potential shift in momentum and challenge the $1.45-$1.50 area.