XRP slips below $1.42 after failed breakout attempt

XRP experienced a significant pullback, dropping 25% from its recent highs and falling below the $1.42 mark. This decline occurred despite a successful cross-border tokenized Treasury settlement on the XRP Ledger involving major financial players like Ripple, JPMorgan, and Mastercard. Traders are now closely monitoring the key support zone around $1.40-$1.41, as a break below this level could invalidate the recent breakout structure. The cryptocurrency is consolidating within a tight range, with thin liquidity increasing the potential for volatile price swings once a decisive move occurs.