$XRP Recently, XRP has been active, with the current price of about $3.56, an intraday increase of about 1.1%, and a fluctuation range of $3.42-3.64. From the chart, XRP has recovered its losses after breaking through $2.80 and stabilized above $3.50. The overall technical side shows strong upward momentum.

One of the reasons why it has attracted widespread attention in the market recently is that the institutional funds brought by the launch of the XRP futures ETF by ProShares have driven the XRP price to a new high and stimulated trading enthusiasm. In addition, the transfer of more than $25 million of XRP by Ripple co-founder Chris Larsen to Coinbase is regarded as a potential positive, which has significantly enhanced market confidence.

However, BeInCrypto analysis pointed out that although XRP has hit a new high of $3.66, the number of new investors has declined rapidly, and long-term holders have also sold off, and it may face callback pressure in the short term. If it falls below $3.38, the price may further drop to $3.00; but if it stabilizes at $3.55-3.60, it is still expected to continue to hit new highs in the future.

Overall, XRP currently has the following trading strategy recommendations: If the price falls back to the $3.50-3.55 area, you can consider buying low and opening a position; if it successfully stands at $3.65 and expands the trading volume, you can add positions at highs, aiming at $4.00-5.00; on the contrary, once the $3.38 support is lost, you should be cautious to stop loss or adjust your position.

Overall, with the catalysis of ETFs, the increase in on-chain activities and the institutional behavior of Ripple, the XRP market is at a critical turning point, and it may still maintain a high volatility pattern in the short term, but if the fundamentals and funds continue to cooperate, the possibility of continuing the upward momentum is still high.