XRP slides 2.8% as weak bounce keeps $1 support in focus

CoinDesk·

XRP slides 2.8% as weak bounce keeps $1 support in focus

60-second summary

XRP is currently sliding 2.8% as sellers aggressively break another support level on heavy volume, with the recovery failing to reclaim the zone that would ease downside pressure, keeping $1 support firmly in focus. The weak bounce has traders on high alert, and a sustained break below $1 could lead to further declines in the XRP market.

Sellers broke another support level on heavy volume, while the recovery failed to reclaim the zone that would ease downside pressure.