XRP (CRYPTO: XRP) is down over 2% on the day, but a prominent trader says the altcoin remains in an interesting spot.

XRP gave back gains after a high-volume selloff erased the latest breakout attempt, though buyers stepped back in near support around $1.38.

XRP (CRYPTO: XRP) is down over 2% on the day, but a prominent trader says the altcoin remains in an interesting spot.