XRP gives back breakout gains, slipping below $1.23 on heavy selling
CoinDesk·
60-second summary
XRP is currently slipping below $1.23 on heavy selling, retracing its breakout gains as sellers step in with rising volume. Traders are using the rally to cut positions rather than add risk, indicating a lack of conviction in the market. This reversal threatens to undermine XRP's recent momentum, potentially leading to further losses.
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.