XRP gives back breakout gains, slipping below $1.23 on heavy selling
Hex37's read
- XRP briefly broke above $1.23 resistance.
- Heavy selling pressure caused XRP to fall back below $1.23.
- Increased volume indicates traders exited positions.
What it means for traders
- The failed breakout suggests a potential bearish sentiment for XRP in the short term.
- Traders may look to short XRP on any further upward movement towards the $1.23 level.
Affected markets
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