XRP’s technical indicators flash green, but is the price really close to a breakout?

Key Points

1. XRP tested the $3 resistance level on 14 July but failed to break through, though holders remain optimistic about future gains.

2. The 1-day chart shows strong bullish momentum, with moving averages indicating shallow pullbacks and quick rallies.

3. The CMF and A/D indicators signal rising buying pressure and accumulation since March, supporting bullish sentiment.

4. Key resistance levels include $2.6 (fair value gap) and $3.04-$3.08 (liquidation heatmap target), with $3.1 as a critical breakout point.

5. The Consumer Price Index (CPI) data could impact XRP's short-term price movement, though specifics are not detailed in the article.