XRP, price at $3.54 holds very close to the ATH of $3.66,

$XRP underpinned by high trading volumes and a buy signal from the Moving Average Convergence Divergence (MACD) indicator. 

The MACD has maintained a buy signal since June 28 when the blue line crossed above the red signal line. Note that the green histogram bars above the zero line signal bullish momentum.

XRP/USDT daily chart

A breakout into a new price discovery phase is anticipated to follow the uptrend above the record high. However, the extremely overbought RSI at 85 suggests that the market may be overheating, and a cautionary note is warranted before the next breakout attempt.

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