XRP gives back breakout gains, slipping below $1.23 on heavy selling
XRP briefly traded above key resistance before sellers stepped in, with rising volume suggesting traders used the rally to cut positions rather than add risk.
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Summary
- XRP’s brief move above $1.25 quickly reversed as heavy selling pushed the price back below the key $1.22–$1.23 zone, signaling the market is still digesting supply from the recent selloff.
- Despite a 3.3 percent drop on the day and a failed rebound near $1.223, XRP remains above the crucial $1.20 breakout area, leaving the broader recovery intact but weakened.
- Traders are focused on $1.20 as pivotal support and $1.223 and $1.25 as near-term resistance levels that will help determine whether the pullback is profit-taking or the start of a deeper reversal.
