business
XRP slips below $1.35 after triangle breakdown puts focus on $1.30 support
Key takeaways
- • Analysts remain split on XRP’s structure, with some calling the latest move a confirmed triangle breakdown while others still frame it as late-stage compression before a larger breakout.
- • CME Group is preparing to launch 24/7 XRP-linked futures trading later this month, adding another layer of institutional exposure to the token.
- • Whale activity also cooled sharply during the period, with large transaction counts falling more than 57% over nine days.
The move matters because repeated tests of support tend to weaken buyers over time, and XRP is now drifting back toward the same $1.30 area traders have treated as the line between consolidation and broader breakdown risk.
• Analysts remain split on XRP’s structure, with some calling the latest move a confirmed triangle breakdown while others still frame it as late-stage compression before a larger breakout.
• CME Group is preparing to launch 24/7 XRP-linked futures trading later this month, adding another layer of institutional exposure to the token.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop