Mango Research argues that the token could first slide toward $0.91 or even $0.80 before a larger bullish reversal takes shape. In the video, the commentator points to a year-long falling channel and says a breakout from that structure could eventually target about $1.62.
The claim matters because XRP has been moving within the descending channel since July of last year, according to the chart analysis presented. While falling channels are often treated as bullish continuation or reversal structures, the analyst stressed that the signal would only be confirmed if price breaks above the channel’s upper boundary.
A $1.62 breakout target, but bearish signals still on
The analyst’s measured-move calculation places XRP’s potential upside target at $1.62 if it breaks out of the channel. That level would also sit above what the presenter called “dynamic resistance” on a weekly indicator used through the Mango Research dashboard.
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For now, however, the analysis is notably less optimistic in the short term. XRP was described as “short across the board,” with bears in control and volatility readings showing room for further downside. The video cited figures of 18, 52, 13, 8 and 4, though it did not specify their underlying calculation beyond the dashboard’s trend and volatility profile.
A two-day Mango Pulse indicator was also nearing, or had just produced, a bearish cross. The analyst compared the setup with bearish crosses seen on Jan. 23 and May 21, which were followed by XRP declines of roughly 43% and 27%, respectively.
Why mango research is watching $0.91 to $0.80..
Despite the bearish near-term read, the speaker framed a deeper pullback as a potential accumulation opportunity rather than a breakdown in the broader thesis. The projected $0.91–$0.80 zone would align with the lower trendline of the falling channel and, in the analyst’s view, could allow buyers to acquire XRP near previous bear-market prices.
The argument also relies on oscillator conditions. Stochastics were said to be below the 20th-percentile area, while the RSI was described as remaining in a bearish-control zone. The analyst said similar combinations had coincided with reversal areas during prior XRP bear-market cycles, although past indicator behavior does not establish a future outcome.
The YouTube video included a promotion for leveraged trading on Bitunix, including a stated 20% deposit-related trading bonus. That offer is separate from the chart thesis and carries the usual risks associated with derivatives trading, particularly during periods of elevated volatility.
For market observers, the key level is not the $1.62 projection alone but whether XRP can reclaim the channel’s upper resistance and hold it as support. Until then, the analysis presents a split outlook: possible weakness toward $0.80–$0.91 first, followed by a longer-term attempt at a trend reversal.
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