7.31 XRP Analysis
The current price of XRP is operating in the range of 3.12-3.16, overall in a phase of consolidation. Yesterday, it dipped to 3.00 but quickly rebounded, indicating that buying pressure remains strong below, and there is a possibility of another upward challenge in the short term.
In terms of operations, do not chase the highs, focus on the first support: 3.10, strong support: 3.00. The short-term target is initially set at 3.18, with a breakout target of 3.24;
If it rebounds to around 3.18 and faces resistance without breaking, one could consider a light short position with a stop loss above 3.20 and a pullback target of 3.12.
