XRP Price Holds Key Support as Market Awaits Breakout Signal

XRP trades in a tight $3.16–$3.22 range while holding above its key 21 EMA support.

XRP price consolidates near $3.19 as bulls defend $3.18 support against selling pressure.

XRP maintains stability above $3.00 21 EMA, signaling a critical level for next trend move.

XRP stayed in a small range of $3.16 to $3.22 over the last 24 hours. The price started out close to $3.1917 and quickly rose to $3.223 in the early session, which was the highest point of the day. But the move didn't go anywhere, and the token settled near $3.19, which showed that the market was balanced.

Source: X

The market tried several times to break above $3.20, but resistance in this area kept it from going up. Buyers were able to hold on to $3.18 during a few dips, which made it a short-term support level. The overall structure suggests that traders are being careful about where they are.

The technical indicators favor a bullish condition

The MACD indicator just presented a bullish crossover. Crossing over has occurred on this chart immediately before large upward pressure. The new signal may tell about the continuation of the uptrend in case the conditions on the market remain favorable.

During the consolidation phase, volume has gone down, which means that selling pressure is easing. But the fact that there aren't many buyers right now means that the next big move will depend on a rise in trading volume. If the price breaks above the $3.80 resistance level and the downward trendline, it could indicate that the trend is changing. If the token can't hold the 21 EMA, it could drop to levels closer to $2.80 or $1.67.

Important Levels and Market Outlook

Resistance right now is still at $3.20 to $3.22. Should we break this range, we could potentially reach short-term targets of $3.25 and $3.28. Should the price fall below $3.16, it may descend to either $3.12 or $3.10. Analysts say that XRP's current price movement shows that the market is unsure. The next big trend will probably depend on whether bulls add volume to break through the current resistance levels.

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