Crypto Market Updates: Chainlink, XRP, and Terra Classic Face Challenges

Chainlink (LINK), XRP, and Terra Classic (LUNC) are currently navigating challenging market conditions. After a volatile start to May, the prices of these assets have slowed down, with each sitting close to important support and resistance levels.

The LINK price has been trapped between $10.03 and $10.8 since its breakout from a three-month sideways structure on May 8. The repeated defense around $10.03 remains crucial because failed breakouts usually return back into their previous consolidation zones.