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XRP falls 3% after losing $1.15 support as breakout attempt fades
Key takeaways
- The decline came on some of the session's heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months.
- • XRP remains caught between growing expectations for U.S. crypto legislation and a market that continues to prioritize technical levels over narrative.
- • Traders are also watching the year-long symmetrical triangle that has compressed price action between support near $1.10 and resistance around $1.25.
The decline came on some of the session's heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months.
• XRP remains caught between growing expectations for U.S. crypto legislation and a market that continues to prioritize technical levels over narrative.
• Traders are also watching the year-long symmetrical triangle that has compressed price action between support near $1.10 and resistance around $1.25.
Article preview — originally published by CoinDesk. Full story at the source.
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