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$XRP has broken beneath the $1.150 level and the 100-hourly Simple Moving Average, erasing gains from a recent rally and dragging the pair into territory that technicals flag as increasingly dangerous.
The selloff tracks a broader retreat in crypto, with $BTC and $ETH posting parallel declines.
The Break That Triggered the Move The trouble for XRP/USD started when the pair lost its grip on a bullish trend line that had been holding near $1.1620 on the hourly chart, per Kraken data.
Once that floor gave way, the price sliced through $1.160 and then $1.1550 in quick succession.
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