The XRP market is at a critical moment, with investors closely following its price movement. Currently, XRP needs to remain above $3.12 at the daily close to confirm the market bottom and regain upward momentum. At the same time, the support level at $2.65 is particularly important; if it falls below this level, it may affect the mid-term bullish pattern.

Currently, the trading price of XRP is $2.78, with a market capitalization of $175.82 billion. Although the short-term trading volume has decreased, XRP still shows a strong momentum. It is worth noting that the open interest in XRP futures has climbed to $788 million, reflecting the market's positive expectations for potential ETF approval, which is stimulating demand from both institutional and retail investors.

From a medium to long-term perspective, the development prospects of XRP remain optimistic. If it can break through and stabilize above $3.12, we may witness further price movement upwards, even potentially reaching a high of $7. However, investors still need to be cautious and closely follow the performance of the $2.65 support level.

With the continuous inflow of institutional funds and the gradual clarification of the regulatory environment, the long-term potential of XRP should not be underestimated. In the coming months, the pump trend of XRP is expected to continue. However, investors should always follow the changes in key support levels and overall market sentiment to seize potential investment opportunities in a timely manner.

In this uncertain cryptocurrency market, the performance of XRP will continue to attract widespread attention. Both institutional and individual investors need to remain vigilant, manage risks effectively, and maintain an open attitude towards the long-term development of XRP.