In the past 24 hours, XRP fell from $3.01 to $2.91, a decrease of about 3%, with a volatility of up to $0.28 and a volatility rate of about 9%. The decline was concentrated between 19:00 and 20:00 UTC, during which XRP dropped from $2.96 to $2.84, and trading volume soared to $218 million, far exceeding the daily average of $72.45 million.

In the short term, XRP has rebounded, rising from $2.89 to $2.91 in the last hour, with institutional funds flowing in at an average of about $641,000 per minute. Technically, resistance is at $2.96 and support is between $2.84 and $2.86. The intraday low of $2.89 shows signs of capital accumulation, with the RSI rebounding from 42 to around 50, and the MACD histogram approaching a bullish crossover, indicating a potential rebound in the short term.

Operational strategy: A sustained breakthrough above $2.90 is expected to open up upward space to $3.20-$3.30; if it falls below $2.84, it may retreat to the support level of $2.80.