XRP gives back breakout gains, slipping below $1.23 on heavy selling
XRP experienced a 3.3% price decline, falling below the $1.23 support level despite continued institutional inflows. The asset is currently testing critical support at $1.20, with traders closely watching for a potential reversal or further retracement.
Why it matters
XRP's price action reflects broader volatility in the cryptocurrency market and highlights the ongoing struggle between institutional adoption and short-term speculative selling pressure.
• XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion.
The article provides a technical market analysis without political or ideological framing.
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