Recently, the price of XRP is showing a fluctuating trend around 3.3 dollars. The 4-hour Candlestick Chart indicates signs of short-term upward resistance, and the market's bullish and bearish forces are in a stalemate.



From a technical perspective, $3.20 is an important support level and also a stabilization point after the recent pullback. If this level is broken, it may further decline to the strong support level of $3.00. This price level has successfully halted declines multiple times in the past, indicating strong buying power.

The main resistance level above is concentrated at $3.5, which is the resistance formed by the short-term high. If this level can be broken, the next key point will be the integer level of $3.7, where significant resistance is expected.

From the perspective of trend indicators, the MACD is currently still operating above the zero line, and the 5-day moving average has crossed above the 10-day moving average. These signals indicate that bullish strength is still ongoing. However, it is important to be cautious as there is significant selling pressure around the $3.5 mark.

For trading strategies, investors with a higher risk tolerance can consider establishing a light position around $3.25, with a target set in the range of $3.5 to $3.7, and a stop-loss set below $3.1. More conservative investors may wait for the price to stabilize above $3.5 and confirm a pullback before entering. If the price falls below the $3.0 support, it is advisable to adopt a wait-and-see approach.

It is worth noting that the cryptocurrency market is constantly changing, and investors should closely monitor market dynamics and adjust their strategies in a timely manner. At the same time, they should also pay attention to broader market factors, such as changes in regulatory policies and trends in mainstream cryptocurrencies, as these can all impact the price of XRP.
XRP-0.12%
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BasementAlchemistvip
· 17h ago
It is advisable to trade cautiously.
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degenonymousvip
· 08-15 06:57
The pressure is high and fluctuating above 3.7.
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MercilessHalalvip
· 08-15 01:02
Waiting for the pullback to buy in.
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AirdropSkepticvip
· 08-13 11:41
I've been trapped several times at a high position.
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CryptoAdventurervip
· 08-12 20:50
All in and it's done, brother.
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OnchainHolmesvip
· 08-12 20:29
3.5 is hard to break through.
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CrossChainBreathervip
· 08-12 20:26
Wait 3.2 must All in once
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SignatureCollectorvip
· 08-12 20:25
Run when it reaches 3.5 peak.
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SigmaValidatorvip
· 08-12 20:24
The support level is well identified.
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