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**Current price trend of XRP**
In the last few hours, **XRP shows a short-term bearish trend**, although with signs of stabilization. The price closed in the last hour at **3.4475 USDT**, after falling from a recent high of **3.5074 USDT**. This drop is part of a correction that started after reaching a **new all-time high near $3.54 on July 18**, driven by the announcement of the launch of XRP options on platforms like Gate.
### Key factors influencing its movement:
- **Technical correction**: After the strong rebound on July 18 (+13.78%), it is natural to see a consolidation or pullback.
- **Declining volume**: In the last few hours, trading volume has decreased, suggesting lower buying pressure.
- **Recent positive news**: The introduction of derivative products (options) on multiple exchanges may be attracting medium-term institutional interest.
### Key level to watch:
- **Nearby support**: 3.40 - 3.42 USDT
- **Immediate resistance**: 3.50 - 3.53 USDT
If it breaks upward strongly from this zone, it could resume the previous bullish momentum. If it falls below 3.40, it would open up space for further decline. To follow these movements and make informed decisions in real-time, you can do so directly on the platform #Binance , where you have access to updated data and management tools.
The above information has been researched, summarized, and does not constitute investment advice.😉