Family, today Brother Hao is here to talk about the price trend of XRP (Ripple), based on the latest market data, analyzing various dimensions such as technical aspects, on-chain indicators, and market sentiment!

First, let's talk about the key support level. From a short-term perspective, the $2.95 level is crucial; it was a resistance level in 2021 and has now turned into a support level. If this price level breaks down, it could likely trigger a sell-off, so everyone should pay close attention. There's also a secondary support level at $2.72, which is the key defense line on the 4-hour chart; if it fails, the price may drop to $2.60.

Next, let's discuss the resistance levels. The breakout targets are between $3.15 - $3.35. If the price can stabilize in this range, there’s a good chance it could challenge the previous high of $3.40. The strong resistance level is at $3.80, which is a historical high. To break through, it must see increased volume.

Now let's talk about the bearish risks. Currently, the RSI indicator is at 39, and the MACD is in the negative zone, indicating that short-term selling pressure is dominant. Moreover, the net inflow to exchanges has reached $76.8 million, the highest since July, suggesting that profit-taking is intensifying.

However, there is also a potential reversal opportunity. If the $2.72 support level holds, a rebound could occur to test the $3.40 resistance. From the daily chart perspective, if the 'cup and handle' pattern breaks the neckline at $3.80, the long-term target could reach $5.80, which is quite promising.

Finally, let me share Brother Hao's operational guide for today. Consider shorting around $3.0260 - $3.0550, first looking down to $2.9835, then to $2.9380. But the market is ever-changing, so everyone must be cautious when trading and manage risks well. The above analysis is for reference only and does not constitute investment advice!