Brothers, today let's talk about the XRP market dynamics, current price 3.3215 (as of August 7), recently oscillating in the range of 2.80-3.38. In July, driven by expectations of BlackRock's spot ETF, the monthly increase exceeded 30%. At the beginning of August, it successfully stabilized above the key level of 3.00, and the market performance is commendable.

The trading activity is also worth noting: Coinbase's financial report shows that the personal trading revenue of XRP accounts for 13%, slightly exceeding Ethereum's 12%, indicating that institutional and retail participation enthusiasm is rising synchronously; the Asian market is even more active, with Q1 trading volume increasing by 320% year-on-year, and the success in cross-border payment scenarios is significant.

On-chain data also conveys positive signals: the number of whale addresses holding over 1 million XRP increased by 23% month-on-month, indicating continuous large capital positioning; independent holding addresses have surpassed 12 million, reaching a new high since 2021, and the market foundation is increasingly solid. However, there is a slight divergence in sentiment between the spot and futures markets, with continued net buying pressure in the spot market and a somewhat lagging bullish sentiment in the futures market. This divergence also provides a reference dimension for short-term operations.

Let me share my trading thoughts: consider focusing on shorting in the range of 3.3165-3.3226. If the price is pressured in this vicinity, the initial target is 3.2385, and if it breaks through, then further attention should be on 3.1395. Remember to set stop-loss arrangements when trading; not holding positions will allow for a more composed response to market fluctuations #xrp .