Crypto Prices Struggle with Resistance as Breakouts Loom

Crypto prices are still struggling to overcome strong resistance after a volatile trading session yesterday.

XRP has returned to an important resistance zone, while Avalanche is trying to hold onto fresh gains and Zcash has climbed back into its familiar trading range after defending key support.

A successful breakout for any of these cryptocurrencies could improve their short-term outlook, but another rejection may send prices back toward nearby support.

XRP price tests major resistance after a strong recovery. The token's price bounced from around $1.00 during yesterday's broad market sell-off before recovering to around $1.04. Buyers continued to step in, and XRP now trades close to $1.08.

A move above $1.08 would weaken the current bearish outlook, allowing buyers to push XRP price toward $1.11. Another successful break above $1.11 would strengthen the bullish case and could open the door for another move higher.