Family, today let's talk about the market for XRP. Recently, the price of XRP has been fluctuating in the range of $2.73 - $3.15, like a roller coaster, with a bit of volatility. On August 18, there was a single-day drop of 5.5%, bringing the price down to $2.9716, which surprised everyone. Fortunately, it rebounded slightly afterward, but today it has started to decline again, hovering around the $2.90 mark, causing some friends to feel a bit anxious.

Let's first discuss the short-term strategy. The current price of XRP is $2.9010, and this position is very critical, sitting at a decisive watershed. If the price can hold the support area of $2.88 - $2.90, then we can try to go long with a small position, aiming for $3.07 - $3.15. If it falls below $2.73, we need to quickly cut losses, as preserving capital is essential; don't be reluctant to take a loss, or else it will get worse. If the price breaks above $3.15, which would also break the 20-day moving average, we can increase our position and look for a breakthrough opportunity at $3.40, at which point there may be a nice price increase.

Now let's talk about the factors affecting XRP's trend. Right now, whale sell-offs and ETF delays are like two mountains, weighing down XRP's rebound momentum, preventing it from rising. However, there is good news; the RWA ecosystem is steadily progressing, and six listed companies have established an XRP treasury, indicating that institutions are still optimistic about XRP, providing it with long-term support. If the macro sentiment improves, for example, if a rate cut in September really happens, and on top of that, if it can technically break above $3.40.

My trading strategy today is to go long around $2.8700 - $2.9010, initially targeting $2.9560; if the momentum is good, then look for $3.0200.