Today there are both major events and minor fluctuations. I have already informed everyone this morning. For my frens following along the Silk Road, how much have you gained by the end of the day? #ETH反弹在即？ #巨鲸加仓2.5亿美元BTC

Recently, the price of XRP seems to be gradually recovering from a low near $2.70. If it can successfully break through the resistance level of $2.850, it may rise further. Let's take a look at the current market situation: Currently, XRP is struggling to break through $2.750 as an initial support level, however, it still hovers below the resistance level of $2.850 and the 100-hour simple moving average. According to the latest data from mainstream market platforms, an important bearish trend line has formed, with its resistance around $2.820 on the hourly chart of the XRP/USD pair. If the price cannot break through $2.850, it may continue to face pressure. Recently, the price of XRP has slipped back below $2.880, entering a more pessimistic range. Bears have pushed the price below $2.80 and the 100-hour simple moving average, even briefly testing $2.70. After bottoming out at $2.7018, the price began to correct some losses, breaking through the 23.6% Fibonacci retracement level between the high of $3.040 and the low of $2.701. The current price is still below $2.820 and its 100-hour simple moving average. If the bulls can hold the support at $2.750, the price is expected to continue upward. However, it first needs to face significant resistance near the $2.820 level. The first key resistance is at $2.850, and if it can break through smoothly, the price may further rise to $2.880. If the price continues to rise, it may approach the key resistance at $2.920 or reach the 61.8% Fibonacci retracement level between the high of $3.040 and the low of $2.701. Next, for the bulls, around $2.960 may be a significant challenge. Of course, if the price fails to break through the resistance level of $2.850, it may continue to decline. The initial support is around $2.750, while the next important support will be near $2.70. If the price falls below $2.70 and stays below it, it may further drop to $2.650, and the next major support level is close to $2.60. A breakthrough here could indicate further bearish momentum. From a technical indicator perspective, the hourly MACD for XRP/USD is currently losing momentum in the bearish zone, while the hourly RSI is hovering above the 50 level, which may suggest that this correction is not yet over. ⚠️ Disclaimer: The above information is for reference only and does not constitute investment advice. Historical data does not guarantee future performance. What are your thoughts on the current market? Share with everyone in the comments! 😊

XRP futures market's cooling off. Open Interest on big exchanges? Down 37% from its peak. Interesting stuff. Late 2024 to early 2025 saw a surge. Speculators got excited during the price rally. Makes sense. July 2025 - another spike. $1.76 billion. Didn't last long, though. Now? $1.1 billion. Big drop, but still high historically. Kinda surprising. Traders seem to be shifting gears. Less leverage in the XRP market. It's not entirely clear what this means long-term. $1.1 billion - that's where OI's stabilized. Price is down from recent highs. Feels like a repositioning phase. Leveraged positions? Still there. Not as high as July/August peak. Future OI direction could shake things up. XRP's price jumped 3.5% in 24 hours. $2.93 now. People still interested, despite the cooler futures market. Less leverage might mean less volatility. But who knows? This market's always changing. Keep your eyes open, traders. Things could shift fast.