Wang Pang refers to the latest market data and analyzes the XRP market from technical, capital, and macro factors to provide some reference for investors.

Currently, the XRP price fluctuates around $3, in a range-bound consolidation. Since mid-July, it has mainly consolidated in a narrow range between $2.76 and $3.20, with ATR decreasing, and K-line amplitude becoming smaller, indicating an imminent directional breakout.

From a technical indicator perspective:

• The price is above $2.95 and the 100-hour simple moving average, which serves as short-term support.

• The 4-hour MACD is accelerating in the bullish zone, but we need to see the price break through key levels to determine overall momentum.

• The hourly RSI is above 50, indicating that short-term momentum is not too weak.

• On the hourly chart, XRP/USD has formed an ascending channel, with current resistance around $3.12.

Capital and on-chain data indicate:

• Since mid-August, whale addresses holding 10 million to 100 million XRP have cumulatively increased their holdings by about 250 million XRP (worth approximately $750 million), suggesting that large investors are optimistic about the market's future.

• In the past three weeks, the exchange's XRP reserves have decreased from 3.77 billion to 3.27 billion (a decrease of 13.3%), the lowest in a year. The selling pressure has decreased, and tokens are flowing into private wallets.

However, investing in XRP carries risks:

• The dynamics of Ripple, regulatory policies (such as ETF application progress), and macroeconomic events could all affect XRP prices.

Wang Pang's operational suggestion is to take a light long position around $2.8231 - $2.8261, with a target of $2.8618 - $2.9189. Lastly, a reminder to everyone: the market changes rapidly, preserving your principal and implementing good risk control is the key. #Xrp🔥🔥