XRP slips below $1.35 after triangle breakdown puts focus on $1.30 support
XRP lost a key support zone after another failed breakout attempt, with traders now watching whether the months-long compression pattern resolves lower....
Key takeaways
- 1XRP fell below $1.35 after failed breakout near $1.36, with $1.30-$1.31 now critical support before potential drop to $1.14.
- 2CME Group launching 24/7 XRP futures later this month could increase volatility and institutional exposure to the token.
- 3Whale transaction activity dropped over 57% in nine days, signaling weakening buyer momentum during the consolidation period.
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Why it matters
XRP's breakdown from months-long compression signals potential deeper losses for retail traders holding support positions. CME futures launch will bring institutional liquidity and price discovery mechanisms relevant to Indian investors tracking major altcoin movements.
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