8.28 Morning 📌 XRP Market Analysis

The current price of XRP is 2.84. Recent trends have maintained a volatile upward trajectory, but the pressure above is gradually becoming evident. From a daily perspective, after continuous volume from the bulls, momentum is slowing down, indicating a short-term need for consolidation; the four-hour chart shows that the key resistance zone is between 2.90—2.95, while support is in the range of 2.75—2.70.

📊 Technical Analysis

Upper Resistance Level: 2.90—2.95

Lower Support Level: 2.75—2.70

Indicators suggest a clear divergence between bullish and bearish sentiments in the short term; if volume is insufficient, a pullback may occur at any time.

💡 Personal Trading Suggestions

1. Short on Rebound: If the price near the current level fails to break above 2.90—2.95, consider a small short position with a target of 2.78—2.75 and a stop-loss at 3.00.

2. Long on Pullback: If the price pulls back to the 2.70—2.75 range and stabilizes, consider entering a long position with a target of 2.85—2.90 and a stop-loss at 2.65.

✅ Summary

XRP has reached a key resistance level, and the market is likely to maintain a range-bound movement, with a possibility of a short-term washout. The primary strategy is to sell high and buy low, avoiding blind chasing of price rises and falls, and ensuring proper stop-loss measures for a stable approach.#xrp #Xrp🔥🔥 #BTC #ETH #bnb