Brothers, the current trend of XRP hides many signals worth paying attention to, and Brother Chen will clarify them for everyone step by step.

The current price is $3.248, with support levels to watch at $3.080 (strong support on the hourly chart) and $3.000 (the key defense line in everyone's mind). If it cannot hold, it may drop to $2.85. The resistance levels are at $3.250 (50% Fibonacci retracement level) and $3.330 (previous high congestion area). If broken, there is a chance to rise to $3.50–$3.66.

On the technical side, the 4-hour MACD histogram negative value is narrowing, and bearish strength is weakening, but a golden cross has not yet formed; RSI is at 54, in a neutral range. If it can hold above $3.20, it may move towards the overbought area.

There is plenty of good news on the fundamental side: On August 7, the SEC and Ripple withdrew their appeals, officially ending the lawsuit. The ruling states that XRP secondary market transactions do not count as securities, only institutional sales need compliance adjustments, which gives the market a sense of reassurance. Furthermore, institutions like ProShares and 21Shares have submitted applications for a spot XRP ETF, and market expectations for approval probability have risen to 70%. If realized, it could bring in $4–8 billion in incremental funds. Additionally, Ripple's stablecoin RLUSD has received custody support from BNY Mellon and has also connected with exchanges like Uphold and Bitstamp, enhancing the value of the payment network.

In terms of operations, it is recommended to consider shorting, entering around $3.285–$3.366, with an initial target of $3.219. If broken, further downward movement to $3.155 can be considered. Of course, during this process, defensive measures must be taken, and risks must be controlled to make each step more secure. #xrp