Today, the price of XRP is once again "stuck," and the key reason for this is the strong resistance zone between $3.05 and $3.10. This coincides with a bunch of moving averages (EMA), making short-term rebound pressure very high.

On the 4-hour chart, the 20/50/100 EMA are all pressing down between $2.96 and $3.02, which effectively adds a layer of "ceiling" to the price.

From the indicators:

The super trend remains bearish, with $3.05 being the reversal point.

The momentum indicators (ADX, DMI) show that bears are leading, but the strength is weakening.

The RSI has just climbed out of the oversold zone but is still in a neutral position.

The MACD is performing weakly and is hovering near the zero line.

On-chain data shows that on August 26, spot capital inflow has turned positive again! This indicates that there is no panic selling in the market; instead, some people are buying on the dip. In the short term, around $2.85 is expected to become a support level.