$XRP 🎙XRP｜August 23, 11:00 Morning Market Analysis

As of August 23, 11:00, XRP is around $3.05, with a high of $3.10 and a low of $2.79 in the last 24 hours, trading volume approximately $10.4B. Last night we provided the rhythm of 'holding 2.80 to 2.85 → rebound challenging 2.95 to 3.00', and this morning it has reached and stabilized at the 3.00 level, the path aligns.

Policy: The SEC lawsuit has officially concluded, public market trading is not classified as securities, a $125M fine has been imposed, compliance uncertainty has significantly decreased, which is favorable for the valuation center.

Technical Analysis (Investing data): Daily/hourly combined 'neutral', with 4 buy and 4 sell indicators, 6 buy and 6 sell on moving averages, RSI ≈ 54; pivot PP ≈ 3.0267, R1 ≈ 3.0435, S1 ≈ 3.0082, the 3.00 level has become a battleground for bulls and bears.

Strategy Recommendations

Conservative: Buy on a pullback to 3.00±0.02, stop loss at 2.95, take profit at 3.10/3.20;

Breakthrough: Follow with volume breaking above 3.05/3.10, stop loss at entry price -1.5%, target 3.30 to 3.50;

Counter: If it falls below 2.95/2.90, consider shorting or light positions, cover at 2.85 to 2.80.

Conclusion: The policy bottom has emerged, and the technical aspect is yet to be confirmed; determine positions based on levels, strictly control stop losses, avoid chasing and engaging in battles, maximize the chances of winning.