The recent move of XRP saw a bullish breakout as it briefly broke above the upper bound of a symmetrical triangle pattern. However, the breakout was short-lived as XRP dropped back below the upper range, indicating weak buyer follow-through. This raises concerns about the asset's strength in the current market climate. The key levels to watch are $0.57 for support and $0.60 for resistance. If XRP falls below $0.57, more downside may be ahead. The lack of momentum in the overall cryptocurrency market is one of the reasons for the unsuccessful breakout. XRP appears to have limited upside potential in the near future, so traders may need to wait for stronger signals or better market conditions before expecting a prolonged rally.
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