Ripple's XRP Token Tests Breakout After Substantial Selling Pressure
Ripple's XRP token experienced a significant rally after breaking out of a descending channel and reaching as high as $1.61, but this move was met with substantial selling pressure.
The token had been in a downtrend, but the breakout from the channel delivered a strong rebound from the $1.27 region.
XRP's daily chart shows that it remains structurally stronger following its sharp recovery.