Will $XRP Shatter Resistance and Target $3.55 Next?

XRP’s price action on the daily chart is showing signs of consolidation just below the $3.1276 resistance level, with recent closes holding near $2.9973 after a recovery from $2.7695. Traders are watching closely as a breakout above this barrier could open the path toward $3.2922 and potentially $3.5504.

Price is currently hovering around both the 9-day and 20-day EMAs, signaling a balanced market where neither bulls nor bears have full control. The MACD remains in slightly bearish territory, but the recent RSI recovery to neutral levels suggests that momentum could shift quickly if buying pressure builds.

For bullish strategies, a decisive daily close above $3.1276 could serve as an entry trigger, targeting higher resistance zones. On the flip side, failure to break through and a move below $2.95 could signal short opportunities, with $2.3531 and deeper support levels as potential targets. The next few daily closes are expected to be pivotal in shaping XRP’s short-term direction.

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Read the full analysis: www.ecoinimist.com/2025/08/04/will-xrp-shatter-resistance-3-55-next