In the past 24 hours (from August 26, 03:00 to August 27, 02:00), XRP increased by approximately 3.6%, with the price slowly recovering from $2.89 to $2.99, maintaining an overall fluctuation range of around $0.20. The most significant fluctuation occurred at 19:00 on August 26, when XRP briefly broke through $3.08, with a high trading volume of 167.6 million, before the price fell back to around $3.00. In the closing stage (from August 27, 01:21 to 02:20), XRP slightly consolidated in the range of $2.99 to $3.00, solidifying the gains.

Technical Analysis:

Support Level: $2.89 has been successfully tested multiple times and remains a critical short-term bottom line; $2.99 has become a psychological support.

Resistance Level: $3.06-$3.08 is the recent high point, and the high trading volume at $3.08 indicates that further breakthroughs may be challenging.

Momentum: RSI has risen from 42 to around 50, showing that the trend is strengthening, with buying power gradually emerging.

Trading Volume: The trading volume of 167.6 million when hitting $3.08 is more than double the average level of the past 30 days, suggesting that institutions are starting to participate.

Formation and Outlook: The chart shows a double bull flag and a round bottom structure, indicating that there is still upward space. The long-term breakout target can be seen at $5.85.

Consolidation Observation: The closing peak has narrowed to $3.00-$3.01, indicating that the market is waiting for further signals before the next directional breakout.

XRP is expected to maintain a short-term upward fluctuation, but resistance is still around $3.08. Investors should pay attention to changes in trading volume and support levels, cautiously seizing potential opportunities.