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XRP slips to $1.31 after failed breakout as liquidity dries up | Coinfeather

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XRP slips to $1.31 after failed breakout as liquidity dries up

CoinDesk14 days ago2 min readBy Shaurya Malwa

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Quick market read from this story

XRP's failure to sustain above $1.35, coupled with rising volume on the rejection, indicates strong selling pressure at higher levels, suggesting a bearish short-term outlook.
Thinning liquidity on Binance and increasing open interest alongside falling prices point to growing short positions, which could lead to amplified price swings if key support or resistance levels break.
The technical setup shows weakening support around $1.30-$1.31 and a clear resistance ceiling at $1.35, suggesting traders should monitor these levels for potential breakout or breakdown trading opportunities.

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