Family, Brother Hao is here to analyze the current rise and fall trends of XRP for everyone. All of this is based on the latest market dynamics and relevant technical analysis by Brother Hao, pure dry goods!

The focus of the long-short game is very crucial now. In the liquidation heatmap of exchanges like Binance and OKX, there are a large number of short stop-loss orders hidden in the range of $3.00 - $3.10. It's like a ticking time bomb; once the price breaks through this range, it may trigger a 'short squeeze,' and then the price will soar like a rocket.

Recently, there has been a very noticeable phenomenon: the trading volume of stablecoins on the XRPL chain has grown by 140% in a month! For instance, the daily transaction volume of RLUSD has skyrocketed from 5,000 to 12,000 transactions. Brazil's Braza Bank has also issued $4.2 million in BBRL, which undoubtedly strengthens the practicality of the payment network, a positive news for XRP.

From the bullish signals, the technical fractals are bullish, and the previous regulatory negatives have all been exhausted, with institutions continuously increasing their holdings, all of which provide strong support for the bulls.

However, we should not be too optimistic; there are still some cautious factors to consider. Currently, the on-chain activity is insufficient, and the unlocking of Ripple still poses potential selling pressure, much like two swords of Damocles hanging overhead.

In terms of operations, Brother Hao suggests that today one can go long around 2.9400 - 2.9700. The first target is 3.0180, and the second target is 3.1030. But the market changes rapidly; everyone must closely monitor whether Bitcoin can hold $115,000, the trading volume of XRP at $3.10, and whether there is any unusual activity in the whale addresses on exchanges. If XRP can stabilize at $3.10 in the short term, then we can actively position for the bulls; but if it falls below $2.85, we must quickly defensively reduce our positions, as preserving capital is the most important thing!