XRP's recent upward momentum stalled after reaching $2.41 in early Monday trading, then declined nearly 7%, encountering resistance at the upper Bollinger Band. The cryptocurrency remains below the weekly midline at $2.4254, indicating that this rebound may be a counter-trend move within a sustained downtrend channel since late October. The weekly lower band is at $1.6679, which was briefly touched last month. On the daily chart, XRP rose from $1.90 to $2.41, but momentum weakened near the upper band around $2.3. The midline at $1.96 may now serve as a resistance level for selling. Given the ongoing volatility and repeated resistance at the upper band, the likelihood of breaking below $2 is increasing.