$BTC 1 hour pushing this morning supported by volume, pushing to $114,000 to take the liquidity above us?
I think "We are here" meaning, if we get the push into this liquidity on the short term, it'll take us into the dense liquidity on the daily and "probably the start of ALT Season" box.
Just a reminder, the last time we broke a range like this, $XRP rallied from $0.55- 2.70 in 30 days;
$BTC breaks the range and this catalyses $XRP's take off. Is this about to repeat? Is $XRP about to lead ALT season?
Finally, $BTC.D has been stealing Dominance continually since December 2022, yet $XRP is still holding the line at $2.00. We are now at the "Previous Alt Season Start Point", so ALT season could technically come from anywhere in this box.
We've seen weeks of Bearish Divergence on $BTC.D. I expect it to lose strength extremely quickly if it does. Just to put things into context of how mental alt coins could go, the "XRP Move" box looks like just a blip, this equated to a 462% rise in $XRP price.
If we close here or above for $XRP on the weekly, it will be the first time we've seen a Bullish Engulfing candle on a higher low since our local top back in January.
This could suggest that we are finishing our recent consolidation / accumulation phase.
The next few days are important to monitor, they could create a weekly Bullish Cross on the RSI and the Stochastic RSI.
I would like to see a strong surge and close above the descending trendline drawn above. This seems like quite a large move, it's around +8% from here. When $XRP is ready to make this next move, I think it will be aggressive so +8% is nothing if this is the time.