Recently, the price movement of XRP has shown some noteworthy technical characteristics. The support strength of the moving averages has significantly weakened, indicating that the longer forces are gradually depleting. Although the MACD indicator has rebounded, the green bars have only temporarily narrowed and have not formed strong red bars, reflecting insufficient upward momentum. It is worth noting that there is a clear divergence between volume and price, further reinforcing the bearish sentiment in the market.

Based on the analysis of these technical indicators, the current bearish pressure still dominates the market. In this market environment, investors may need to maintain a cautious attitude. If the price rebounds in the range of 3.20 to 3.28, it may present a new entry opportunity. In the short term, the price may test the support level of 3.15 to 3.00 downwards. If this support level is broken, further declines to 2.80 cannot be ruled out.

However, the cryptocurrency market is constantly changing, and investors should conduct a comprehensive analysis by considering more market factors, such as fundamental news, overall market sentiment, etc., before making any decisions. At the same time, a reasonable risk management strategy is also crucial. Whether it is a longer or short position, appropriate stop-loss levels should be set to protect one's capital.