XRP slips 4% below $1.20 after breakout rally stalls near key resistance
Hex37's read
- XRP price dropped 4% below $1.20.
- The rally stalled near a key resistance level.
- Selling pressure pushed XRP below a support level.
- Buyers intervened above $1.17 to limit the decline.
What it means for traders
- The failure to break resistance suggests potential for further downside if support at $1.17 fails.
- Traders might consider shorting XRP on a confirmed break below $1.17, targeting lower levels.
Affected markets
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