$XRP has broken out on both the 1D and 3D timeframes, clearing a parallel channel and a symmetrical triangle formation. #Ripple
On the 3-day chart, XRP moved above the channel after reclaiming the $1.51 level, ending over a month of consolidation within that range.
At the same time, the daily chart shows a breakout from a symmetrical triangle that had been forming since the drop from the $2.40 high on January 6.
To maintain bullish structure during this pullback, $XRP needs to hold above $1.51 (channel support) and $1.40 (triangle support).
If both levels remain intact, the next upside target sits around $1.65.
Momentum indicators still lean bullish, with the +DI at 33.9 above the -DI at 22.59, although a relatively low ADX suggests the trend strength remains weak for now.
#USFebruaryPPISurgedSurprisingly #SECClarifiesCryptoClassification