Good evening, brothers. Let's talk about the latest trend analysis of XRP~

The current price is 3.01, with a slight increase of 1.34% in the last 24 hours, reaching a low of 2.97. The short-term fluctuations are not significant, but upon closer inspection, there are many positive signals worth noting.

On the support side, 2.95 is a short-term psychological barrier, 2.85 is the cost zone for institutional accumulation, and 2.70 is a strong support level, indicating solid backing. On the resistance side, the 21-day moving average at 3.20 is a key watershed; if it stabilizes, there could be surprises, and the space above 3.50 is also worth looking forward to.

Interestingly, when the price drops below 3.0, our retail friends might feel a bit anxious, but on-chain data shows that large holders are quietly taking action—transferring chips to cold wallets for locking while making small transfers to exchanges to create short-term selling pressure, resembling a “wash trading for accumulation.” Moreover, the number of holding addresses has surpassed 6.6 million, indicating that long-term holders are increasing, and the chips are solidly accumulated, naturally enhancing resistance to declines.

On the technical front, the monthly RSI is at 73, currently in the explosive phase of the “three-cycle model.” Looking back at similar phases in 2017 and 2021, they both triggered price surges of over 300%, indicating significant potential. The 4-hour chart has also shown a bottom divergence, and the bearish momentum of MACD is weakening, with clear signs of recovery.

Brother Chen's thought is to consider going long around 2.994-2.946, targeting 3.045-3.125. Of course, be sure to set stop losses, don't hold positions recklessly, and proceed steadily, following the rhythm~#xrp