Recently, XRP quickly surged to $3.10, but encountered resistance around $3.09, temporarily stalling the bullish momentum. A wave of selling pressure appeared near this level, and although some large institutions are actively buying, the price still failed to break through, indicating that large funds are taking profits and the gains are being slowly digested.

In simple terms: When the resistance level is very strong, the market's short-term momentum tends to weaken, making it difficult for the price to continue rising.

What does the short-term trend look like?

XRP is currently fluctuating slightly between $2.94 and $3.10.

The support level is around $3.00; if it breaks below $2.99, it may test the key point of $2.96.

If selling pressure continues to increase, the market may hesitate, and the short-term upside potential will be limited.