XRP price news: Ripple-linked token slips after failed breakout as liquidity dries up
CoinDesk
XRP fell to $1.31 after failing to break above $1.35, with decreasing liquidity potentially leading to larger price swings.Summary
XRP experienced a price decline, falling to $1.31 after failing to sustain a breakout above the $1.35 resistance level. The rejection at this resistance is considered more significant than the 1.9% price drop itself. Rising volume during the failed breakout and the formation of lower highs suggest continued selling pressure and weakening support. A key concern is the thinning liquidity on Binance, coupled with increasing open interest while prices fall, indicating a rise in short positions and the potential for amplified price movements if either the $1.35 resistance or the $1.31–$1.30 support zone is breached. Traders should watch these levels closely, as a break in either direction could trigger sharper price swings.
(Source：CoinDesk)