XRP Aiming for 3.29 USD as Daily Chart Remains Strong

XRP has maintained a level above the important 21-day moving average (21MA) on the daily chart — a positive signal for traders. Maintaining this line indicates the potential bounce back and underlying strength of the asset in the current market context. Technical analysts often view the MA 21 line as a trend-defining threshold. When an asset maintains above this average, it typically reflects the ongoing bullish momentum. In the case of XRP, this stability signals a potential price surge in the very near future. The Bounce Back Can Activate Disruptive Movements If today's daily candle closes strongly, XRP may attempt to retest the resistance level of $3.29 as early as tomorrow. This level marks an important price zone where selling pressure could emerge. However, sustainable buying activity and optimistic sentiment could help the price break through this level. Short-term traders are closely monitoring, as a successful retest and breakout above $3.29 could open the door to higher price targets. The RSI indicators and volume also support the possibility of a bounce back, assuming there are no sudden negative fluctuations in the market.

Things to Note Next Regarding XRP Investors should pay attention to today's candle's closing price. If XRP maintains its position above the MA 21 and closes in the green, this will reinforce the likelihood of continued price increase. However, any drop below this average could indicate short-term weakness and invalidate the current setup. With the market's increasing interest and the technical indicators gradually stabilizing, XRP may soon undergo a significant transformation. Stay tuned for updates as the daily chart is released.