XRP holds at $3.05, gradually approaching the expected resistance level at $3.21 following a recent dip.
CasiTrades Predicts $3.21 Resistance Level
CasiTrades, analyzing the current market situation, outlined that XRP is striving toward the resistance level of $3.21. After a recent dip that temporarily pushed the price below the consolidation level, XRP has quickly recovered, showcasing strong momentum.
BitGuru Highlights Potential for a Reversal
BitGuru, another recognized analyst, has commented that XRP is setting up for a reversal. The price is currently hovering around $2.85 after reacting from a key demand zone. The formation of an Inverse head-and-shoulders pattern suggests potential upward movement for XRP.
XRP ETF Officially Registered in Delaware
Moreover, the registration of the 21Shares XRP ETF in Delaware is now official. This news could positively affect XRP’s value as the legal structure of the ETF is finalized and infrastructure is being set for broader market participation. With this ETF, XRP can attract more institutional investors, potentially boosting its price.
XRP demonstrates strong trends towards potential price increases at $3.05 and may reach $3.21. Expectations create a positive sentiment regarding XRP's future, especially considering the official registration of the ETF.
