- XRP remains above the crucial 21-day moving average.
- A recovery today could push price toward $3.29.
- Market momentum suggests bullish continuation.
XRP has managed to stay above the critical 21-day moving average (21MA) on its daily chart — a bullish sign for traders. Holding this line indicates the asset’s resilience and underlying strength in the current market environment.
Technical analysts often view the 21MA as a trend-defining level. When an asset remains above this average, it usually reflects ongoing bullish momentum. In XRP’s case, this stability hints at a possible upward push in the very near term.
Recovery Could Trigger Breakout Move
If today’s daily candle finishes strong, XRP could attempt a retest of the $3.29 resistance level as soon as tomorrow. This level marks a key price zone where selling pressure could emerge. However, sustained buying activity and bullish sentiment could help break past this point.
Short-term traders are watching closely, as a successful retest and breakout above $3.29 could open doors to higher price targets. RSI and volume indicators also support the possibility of renewed upside, assuming no sudden negative market shifts.
What to Watch Next for XRP
Investors should keep an eye on today’s candle close. If XRP maintains its position above the 21MA and closes green, it strengthens the case for a bullish continuation. However, any slip below this average might suggest short-term weakness and invalidate the current setup.
With market interest building and technicals aligning, XRP could be on the brink of a significant move. Stay tuned for updates as the daily chart unfolds.
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