XRP News Today: XRP Holds 21MA Amid Fed Rate Cut Hopes, Bulls Target $3.29 Push

XRP remains above the crucial 21-day moving average, signaling bullish momentum as traders monitor potential for a short-term price push toward $3.29. The token’s ability to hold this level on its daily chart underscores its resilience amid market fluctuations, with technical analysts emphasizing the 21MA as a key trend-defining indicator. A sustained recovery in today’s trading session could trigger a retest of the $3.29 resistance level, a critical price zone where selling pressure may emerge. However, strong buying activity and favorable momentum could propel XRP beyond this threshold, opening the door to higher targets.

The recent price action reflects a balance between short-term bearish signals and broader bullish trends. While XRP’s current position near $3.29—just below its historical high—has drawn attention, diverging technical indicators highlight uncertainty. Mitrade’s analysis notes a drop in the Relative Strength Index (RSI), indicating oversold conditions and weakening momentum [1]. Meanwhile, a crypto trading group has flagged $3.24 as a pivotal support level, warning of further declines if XRP stalls [3]. Conversely, Luno’s report highlights macroeconomic factors such as U.S. Federal Reserve rate cut expectations and geopolitical trade developments as tailwinds, citing a 60% monthly gain for XRP in July 2025 despite recent volatility [2].

Market participants are closely watching the outcome of today’s daily candle closure. A green close maintaining XRP above the 21MA would reinforce the case for a bullish continuation, while a slip below this average could signal short-term weakness. On-chain activity also presents mixed signals: while some positions suggest bearish positioning, XRP’s role in cross-border payment ecosystems and institutional adoption continue to attract demand. The token’s performance is further influenced by Ripple’s ongoing legal battles and regulatory developments, which remain key fundamental catalysts.

The coming days will be critical in determining XRP’s trajectory. A sustained move above $3.40 could align with macroeconomic optimism and improved liquidity, while a breakdown below $3.20 may trigger deeper corrections. Investors are advised to monitor technical levels alongside macroeconomic shifts, particularly the Federal Reserve’s policy decisions, which remain a key variable in global risk appetite. Despite near-term volatility, XRP’s ability to hover near all-time highs underscores its growing utility and institutional interest, though the absence of a major regulatory resolution or widespread adoption leaves the market vulnerable to sentiment shifts.

Source: [1] [Ripple Price Forecast: XRP decline accelerates amid ...] [https://www.mitrade.com/kr/insights/news/live-news/article-5-981110-20250723]

[2] [Cooling markets as Fed rate decision and crypto report ...] [https://discover.luno.com/daily-briefing/]

[3] [Short setup for sei/usdt trade - Stop Loss] [https://www.facebook.com/groups/137****66946104/posts/short-setup-seiusdt-round-2-entry-0321-stop-loss-4-take-profit-targets-tp1-4-tp2/1662082567796932/]