XRP is the bellwether for institutional-grade altcoins. When XRP holds $1.00, it signals confidence in alt valuations. When it breaks below, it typically triggers broader altseason weakness that pulls Ethereum and other alts lower.
Above $1.00: Immediate resistance at $1.05, then $1.10. A daily close above $1.05 would confirm altseason breakout. Target: $1.20-$1.25 by end of August.
If XRP closes below $0.98, next support is $0.95, then $0.90. A break below $0.90 would signal broader altseason failure and likely pull Ethereum back to $1,850 or lower.
Watch XRP through Tuesday's CPI release. If CPI is dovish AND XRP closes above $1.05, rotate into Ethereum and Solana. If XRP breaks below $1.00, reduce altcoin exposure and wait for capitulation.
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