XRP has recently been fluctuating within a narrow range of 2.92-2.95, a key short-term support level.

However, during the recent pullbacks, it has already touched around 2.91, and the rebound has become increasingly weaker after each dip.

Previously, after a drop to 2.92, it would quickly rebound back above 2.94. Now, after falling to 2.91, the highest rebound has only reached 2.925 before stalling. This indicates that the resilience of the underlying support is weakening, and buying is no longer able to withstand the selling pressure. Therefore, a short position around 2.9 is recommended, with a target of 2.86.