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Since last night, the XRP market has performed flatly, lacking significant fluctuations. From the perspective of the candlestick body state, the bullish and bearish forces are in a relatively balanced state and have not yet shown a clear trend direction. There is still short-term resistance around $3.25, which is worth paying attention to.
Currently, the XRP price is fluctuating within a rectangular range. From a trading strategy perspective, it is not recommended to rush into a long position before the two-hour candlestick fails to stabilize. Investors should remain cautious when approaching the resistance level, and if it breaks through $3.32, they may consider exiting.
Although XRP is currently in a consolidation phase, the overall cryptocurrency market remains active. Ethereum's recent trading volume has surpassed that of Bitcoin, indicating an increased interest from investors in alternative coins. Meanwhile, the United States is advancing AI-related policies, which may indirectly impact cryptocurrency and blockchain technology.
Additionally, the trend of tokenizing real-world assets (RWA) continues, reflecting the integration of traditional and digital assets. The leading performance of the NFT sector is also noteworthy, possibly signaling the beginning of a new cycle of innovation.
Overall, although XRP has not fluctuated much in the short term, the entire cryptocurrency market is experiencing a series of interesting developments. Investors need to stay vigilant, keep an eye on broader market trends, and carefully manage specific trading strategies for XRP.