#AltcoinBreakout 📈 Current Price Action

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

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

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🔍 Technical Indicators

Relative Strength Index: Overbought area at approximately 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, indicating continued bullish trend. Moving Averages: The price is well above the 20, 50, 100, and 200-day exponential moving averages - the bullish structure is intact.

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

🛡️ Support and Resistance Areas

Immediate Support: $3.00-$3.20 - if that fails, the downside level is $2.85, then $2.60-$2.50.

Upside Targets: First resistance at $3.60-$3.65, then $4.00, and possibly $4.40-$4.50 if momentum remains strong.

🧨 Surface Catalysts

Launch of the Exchange-Traded Fund: Trading of ProShares XRP futures ETF begins on July 18, 2025 - this is clear positive news.