As of $XRP , XRP is currently consolidating around the price level of 3.02. From the overall operational rhythm, the rebound strength of the price remains relatively weak. Each slight rebound is accompanied by a bearish candlestick pullback, reflecting significant selling pressure above, making it difficult for bullish momentum to form effectively. The short-term market is biased towards pressure.

However, from a technical perspective, although there is a downward trend in the short term, it is also relatively weak. Therefore, Old Wang predicts that the pullback will not be too strong. In the future, we still maintain a bullish outlook, and we can consider entering long positions around the price level of 3.0.