XRP slips 4% below $1.20 after breakout rally stalls near key resistance

CoinDesk·

XRP slips 4% below $1.20 after breakout rally stalls near key resistance

60-second summary

XRP is currently slipping 4% below $1.20 after a breakout rally stalls near key resistance, with heavy selling pushing it back through a closely watched support level at $1.17. Buyers stepped in to prevent a deeper pullback, but the momentum has slowed, casting uncertainty over XRP's near-term prospects, potentially impacting investor confidence in the market.

Heavy selling pushed XRP back through a closely watched support level, though buyers stepped in above $1.17 to prevent a deeper pullback.