XRP Eyes Breakout as Altcoin Season Approaches
XRP has gained 10.06% in the past week, signaling a potential recovery.
Currently trading between $2.09 and $2.61, it is approaching the nearest resistance at $2.81. A move above this level could see it eye the next resistance at $3.32.
The coin’s 6-month rally of 409.43% highlights its strong upside potential. Technical indicators show the Relative Strength Index at 40.74, suggesting room for upward movement.
The stochastic indicator at 23.55 points to a possible upside after recent oversold. With the simple moving averages aligning around $2.31 and $2.39, momentum could be building.
As altcoin season approaches and a global crypto bull run is anticipated, XRP could be poised for significant gains.
