8.2 Daily XRP Analysis
Currently, XRP is fluctuating around 3.00, overall following the market trend with weak consolidation. After last night's negative news was fully priced in, the market stopped falling and rebounded, and the sentiment in the crypto market has somewhat improved, but the tug-of-war between bulls and bears continues, and a strong counter-offensive has yet to form.
If XRP can stabilize above 3.05 in the short term, it may have the chance to rebound; however, if the market weakens again, there is still a risk of retracement below 2.90.
Trading Suggestions:
Aggressive traders may consider a small long position near 3.00, targeting 3.12-3.18;
If it falls below 2.90, bears may gain the upper hand, with short-term defensive levels to watch around 2.85-2.80.
