once again, XRP The market surprised by breaking through the $3.20 barrier, exceeding traders' expectations and bucking previous downtrends. After a phase of consolidation within the descending triangle, XRP showed significant market interest and momentum, with an engulfing bullish candle and a notable $1 billion trade. Amount.

With a current price of around $3.27, XRP has reached its highest level in several months. Now the $3.50 level represents the immediate resistance level, a technical and psychological barrier that, if broken, could trigger another wave of buying. Significant buying activity may arise to stabilize the price at the downside support levels at $3.00 and $2.75.

At 76, the Relative Strength Index (RSI) has entered overbought territory, indicating that although momentum is strong, a correction may occur in the short term. However, a rise in trading volume indicates that the market is driven by bullish sentiment. XRP The price may target $4.00 next if it maintains its momentum and overcomes the $3.50 resistance level with the possibility of testing $4.20 in the medium term.

A step of this kind would confirm this XRPA place in an uptrend especially if trading volume remains strong. Conversely, XRP may fall back to the $3.00 support level if it cannot maintain a level above $3.20 and selling pressure increases further. Confirmation of a bearish reversal would be a break below $2.75, which could push the price back towards $2.50, the current location of the 50 EMA.

As of now, market confidence has been rekindled by XRP breaking above $3.20, and the massive trading volume indicates institutional or whale participation. For the next big move, traders and investors should watch the $3.00 support and $3.50 resistance levels closely. The market is still closely monitoring XRP's next moves regardless of whether it continues its upward trajectory or faces a short correction.