XRP briefly climbed above a key resistance level on Monday, but the move was short-lived. Sellers stepped in quickly, pushing the price back below $1.23 and erasing the breakout gains. Rising trading volume suggests many traders used the rally to exit positions rather than add risk.
Failed breakout triggers sell-off
The cryptocurrency touched higher territory for a short period before heavy selling pressure emerged. By the end of the session, XRP had given back all its intraday gains and settled below the $1.23 mark. The decline came on a noticeable spike in volume — a sign that the breakout attracted sellers looking to lock in profits.
Volume spike points to profit-taking
The increase in trading activity as prices fell suggests that the move higher served as an exit opportunity for many market participants. Rather than building long positions, traders used the strength to reduce exposure. That pattern is consistent with a market that saw the breakout as a chance to cut risk, not add to it.
XRP now trades near $1.18, down roughly 4% from the session's high. The failed breakout shifts attention to support around $1.10, a level that has held in recent weeks. Whether that zone holds could determine the next direction for the token.
