Family, Brother Yang is here to talk about the short-term trend of XRP! Recently, the price of XRP has started a downward correction below the $3.250 area, and the current price is below $3.220 and the 100-hour simple moving average. After hitting $3.66, it has retraced over 10%, and the current price is around $3.14, with key support at the psychological level of $3.00. The current quote is close to $3, having risen 5% in the last 24 hours, but still 18% away from the July high.

From a technical perspective, its price action is forming a descending wedge pattern, which is a bullish technical formation, similar to the pattern at the beginning of 2025, when it rose from about $2 all the way to above $3.39, an increase of 70%! Now the 4-hour chart has reached the end of the descending wedge, and if it breaks through $3.30, it might trigger a 20% increase, pushing it directly to the $3.75 - $4.00 range, just like when it broke through at the beginning of the year!

Additionally, there have been frequent movements from XRP whales recently, with 20 million XRP (approximately $58.6 million) flowing from Upbit to an unknown wallet, which is generally a signal for hoarding coins. Brother Yang suggests that if it retraces to around $3.2300 - $3.2600, it would be a good time to buy, with an initial target of $3.3000, and pushing to $3.4000 is also possible. However, the market is volatile, so everyone should proceed with caution~ #Xrp🔥🔥