Crypto
XRP's Breakout Fails at $1.55: Bulls Face Crucial Support Test
XRP's recent breakout has run into a wall, and the token is now drifting near $1.45 after a sharp retreat from its $1.70 top.
The $1.55 level that was supposed to be support gave way before buyers could establish it as such.
A pullback like this stings, but perspective matters: XRP is still up 45% for the week despite the drop.
If bears keep the pressure on, look straight to the $1.35-$1.40 band, which acted as a heavily traded price shelf in April and May.