XRP Holds Steady Around $3.05, Aiming for Resistance Target of $3.21

XRP is holding steady around the $3.05 mark, with attention turning to the resistance target of $3.21. Despite a brief fall below the consolidation pattern, XRP's price still shows a bounce back potential, maintaining a bullish outlook. CasiTrades Predicts Resistance Level $3.21 CasiTrades, a cryptocurrency analyst, has predicted that XRP is heading towards a key resistance level at $3.21. After a recent fall, which had dipped below a short-term consolidation pattern, XRP has bounced back quickly.

The strong momentum of the market and weakening selling pressure indicate that the next resistance level will be $3.21. The analyst also noted that a pullback could occur between the levels of $0.118–$0.236, with the target for XRP being to regain the support level of $3.21. BitGuru Emphasizes Reversal Potential However, BitGuru, another reputable analyst, believes that XRP is preparing to reverse. The price is currently fluctuating around $2.85 after reacting from an important support zone. The formation of the inverse head and shoulders pattern suggests that XRP may be bullish.

BitGuru notes that this pattern indicates a bullish reversal. The analyst is monitoring further confirmation signals as XRP stabilizes at this level, signaling potential strength in the coming days. XRP Official ETF Fund Registered in Delaware Furthermore, X Finance Bull has reported that the 21Shares XRP ETF fund has now been officially registered in Delaware. According to analysts, this development could have a positive impact on the value of XRP. The legal structure for the ETF has been completed and the infrastructure is being built before the broader market is aware. With the ETF being implemented, XRP may witness the participation of larger institutions, which could potentially drive the price up. This move is expected to attract more investors as they look to access XRP through the ETF. XRP remains at a price of $3.08, with a 24-hour trading volume exceeding $9.5 billion. This coin has increased by 7.12% in the past 24 hours, further reinforcing its growth potential in the future.