XRP remains in an elongated downtrend as its latest attempt at staging a breakout from the prevalent descending channel faces resistance.

XRP has been caught in a prolonged downtrend since dropping from the high of $0.58 in late March. All attempts are staging a breakout have been met with resistance from the bears. Most recently, Crypto Rand, a prominent crypto trader, highlighted the asset’s latest effort toward recovery.

Citing an XRP daily chart, Crypto Rand emphasized that the asset faced stern opposition when it tried to break free from the current descending trendline.