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XRP slips 4% below $1.20 after breakout rally stalls near key resistance
Key takeaways
- After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18.
- The pullback doesn't fully undo last week's breakout, but it does show buyers still have work to do before the market can challenge higher resistance levels.
- • XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week's rally above $1.20.
After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18.
The pullback doesn't fully undo last week's breakout, but it does show buyers still have work to do before the market can challenge higher resistance levels.
• XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week's rally above $1.20.
Article preview — originally published by CoinDesk. Full story at the source.
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