Recently, the XRP market has shown a fluctuating downward trend. Although the growth rate of the MACD green bars has slowed down, it is still operating below the zero axis, indicating that there is still some pressure in the market.

From the 4-hour timeframe, the Bollinger Bands show an opening state, with prices fluctuating between the middle band and the lower band, forming a typical oscillation bottoming structure. It is worth noting that the price level around 3.00 has been tested multiple times but not broken, becoming an important support level in the short term.

Currently, the XRP price is showing weak fluctuations around $3.07. If it cannot break through the $3.15 mark, any rebound may be difficult to sustain. Therefore, investors may consider cautiously establishing short positions in the $3.12-$3.15 range, with a target range of $3.00-$2.95.

However, if the price experiences a strong rise and breaks through $3.20, it is recommended to close short positions and adopt a wait-and-see attitude. Given the current market pace is relatively slow and the main capital control is strong, the operational strategy should remain flexible, adopting a light position for quick entries and exits to avoid long-term holding.

In this uncertain market environment, investors need to remain vigilant, closely monitor market trends, and adjust their strategies in a timely manner. At the same time, they should pay attention to broader cryptocurrency market dynamics, as overall market sentiment may affect the rise of XRP.