Family, today Brother Hao is here to discuss the price trend of XRP. This is based on the latest market dynamics, combined with technical analysis, on-chain data, and market sentiment analysis, pure substance for everyone's reference!

First, let's take a look at the recent rebound and pullback situation. At the beginning of August, XRP experienced a strong surge, increasing over 10% to reach a price of $3.38. Unfortunately, when it hit the key resistance level of $3.40, it couldn't break through, and then began to pull back, dropping over 6% to test the support range of $3.02 - $3.03. Now, the price is hovering below $3.10.

Next, let's talk about the critical point between bulls and bears. Currently, $3.02 is the key support level. If it can hold this price, a rebound is very likely to follow; but if it can't hold and breaks down, it could be dangerous, and the price may continue to decline, first hitting the psychological level of $3.00, and then down to the next support level of $2.88.

Now, let's discuss the operational suggestions, separating them into short-term and medium-term.

For the short term, within 1 month: If the price can stabilize at $3.02, everyone can consider making a small position to bet on a rebound, aiming for a target price of $3.15 - $3.25; if it can break through the key resistance level of $3.40, then you can add to your position. However, if it unfortunately breaks below $3.00, quickly stop loss, observe for a while, and wait for the price to approach $2.88 to see if it can find support before making the next plan.

Finally, Brother Hao will provide today's operation guide. Consider shorting around $3.1185 - $3.1650, looking downwards, with a target price of $3.0588 - $2.9650.

Alright, today's analysis of XRP ends here. If you have any questions, feel free to communicate at any time!