XRP gives back gains after 10% rally as traders take profit near $1.25
Hex37's read
- XRP rallied over 10% but gave back gains near $1.25.
- Asian demand and ETF inflows initially boosted XRP.
- Selling pressure emerged near a key resistance zone.
What it means for traders
- Traders may be booking profits after the recent rally, suggesting potential short-term consolidation.
- The $1.25 level acted as significant resistance, indicating a potential area for price to stall or reverse.
Affected markets
Practice this on Hex37
News like this moves markets. Practice trading the move with $10,000 in virtual balance and exchange-grade execution, no real money at risk.