Ripple-linked XRP slips 25% below $1.42 as traders watch breakout
CoinDesk
XRP price retracted below $1.42 despite positive institutional developments regarding tokenized Treasury settlements involving Ripple, JPMorgan, and Mastercard.Summary
XRP experienced a 25% pullback, dropping below the $1.42 level after failing to sustain momentum above $1.45. This price correction occurred despite significant news that Ripple, JPMorgan, Mastercard, and Ondo Finance successfully completed a near-real-time cross-border settlement of tokenized U.S. Treasuries on the XRP Ledger. Technically, XRP is currently testing critical support between $1.40 and $1.41; failure to hold this zone may undermine the recent breakout, while bulls need to reclaim the $1.45–$1.47 range to regain upward momentum.
(Source：CoinDesk)