XRP is approaching a critical juncture as it nears the top of a descending channel that has constrained its price since July 2025. A breakout from this formation would require a 50% price increase from its current level of approximately $1.40. Analyst Bird suggests that such a move could propel XRP beyond the $4 mark, potentially reversing the long-standing downward trend. The descending channel has consistently defined XRP's price action, with multiple rejections at the upper trendline and support at the lower boundary. A successful breakout could signal a trend shift, attracting renewed market interest. Bird's analysis highlights the potential for XRP to act as "The PHOENIX," rising significantly if the channel is breached. Traders are closely monitoring for confirmation of a breakout, which would align with historical recovery patterns in the crypto market.