#AltcoinBreakout

#AltcoinBreakout 📈 Current Price Action

Trading Range: XRP is exiting the consolidation area. It bounced from the support level at $2.85-$3.00 and is now hovering near $3.50, up over 20% in the past day.

Key Level: A daily close above $3.50-$3.60 will confirm bullish control. If that fails, the $3.20-$3.30 level will become the next battleground.

---

🔍 Technical Indicators

Relative Strength Index: Overbought territory at around 70-73, indicating strong momentum - but also set up for a short-term pullback.

MACD: Bullish with a positive histogram and MACD line above the signal line, indicating continued upward momentum. Moving Averages: The price is well above the 20, 50, 100, and 200-day exponential moving averages - the bullish structure remains intact.

Bollinger Bands: Trading along the upper band - a classic sign of upward momentum, but expect some consolidation after the price break.

🛡️ Support and Resistance Levels