XRP slips 4% below $1.20 after breakout rally stalls near key resistance
Heavy selling pushed XRP back through a closely watched support level, though buyers stepped in above $1.17 to prevent a deeper pullback.
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Summary
- XRP slipped 2.5 percent to about $1.19 after briefly trading above $1.22, as heavy selling knocked the token back below the key $1.20 level.
- Buyers stepped in near $1.18, keeping prices above the $1.17–$1.18 support zone and preserving last week’s breakout from the $1.11–$1.15 demand area.
- Traders are watching $1.20 as immediate resistance and $1.1750 as critical support, with a break below risking a retreat toward $1.15 and a recovery above signaling simple profit-taking rather than a deeper reversal.
