XRP News Today: XRP Holds 21MA, Eyes $3.29 If Today’s Candle Turns Bullish

Ripple’s XRP has maintained its position above the daily 21-day moving average (21MA), a critical technical level that traders closely monitor as a barometer of market sentiment and momentum [1]. Analysts note that XRP’s ability to hold this line signals resilience and hints at potential for continued bullish movement. If the current daily candle closes in green, the cryptocurrency could retest the $3.29 resistance level, a key target for short-term traders [1]. This scenario would follow a well-established pattern where sustained support above the 21MA often precedes upward price action.

Buyers have been active in defending the 21MA zone, which currently acts as a psychological floor for XRP. The price has oscillated between $3.55 and $3.64, consolidating during a pivotal phase of its recovery. This range has become a strategic battleground, with the 21MA serving as both a technical anchor and a confidence booster for traders. Historical data from TradingView suggests that periods of stability near this moving average frequently correlate with subsequent price surges [1].

XRP’s market capitalization currently hovers near $210 billion, securing its position as the third-largest cryptocurrency by value behind Bitcoin and Ethereum. This ranking underscores the asset’s growing influence in the crypto space, particularly after its recent breakout above multi-year resistance levels. Speculation about potential U.S. ETF approvals has further fueled optimism, with analysts suggesting that institutional capital could flow into the market if regulatory hurdles are cleared [1].

Long-term projections, however, remain speculative. A move to $27—a price point representing a sevenfold increase from current levels—would require multiple converging factors. These include a rise in XRP’s market share beyond 6%, broader adoption of the XRP Ledger in global financial infrastructure, and the approval of a U.S. spot exchange-traded fund. Such a trajectory would also necessitate a crypto market cap exceeding $10 trillion, a scenario that remains aspirational but not impossible in a strong bull cycle [1].

The immediate focus for XRP remains on the 21MA. A bullish candle today could trigger a retest of $3.29, validating the current momentum. Traders are closely watching whether this level holds, as a failure to maintain support could reverse the trend. Conversely, a successful retest may extend the rally, potentially setting the stage for further gains. The market’s reaction to today’s price action will be a critical test of XRP’s staying power.

Source: [1] [Daily 21MA Holds Strong: XRP Eyes $3.29 If Candle Flips Bullish] [https://cryptonewsland.com/daily-21ma-holds-strong/]