Recently, the price of XRP has slightly rebounded, currently hovering around $3.00, but has not yet broken through the important resistance level of $3.050. If buyers cannot break through this level, XRP may face further fall risks.

Previously, XRP had fallen below the support levels of 3.00 USD and 2.95 USD, reaching a low of 2.824 USD. Subsequently, the price rebounded and broke through the two key levels of 2.92 USD and 2.95 USD, while reaching the 50% Fibonacci retracement level from the high of 3.126 USD to the low of 2.824 USD. Currently, the short-term support level for bulls is around 2.970 USD, and if this position can be maintained, there may be an attempt for further upward movement.

In terms of upward movement, the main resistance levels faced by XRP are $3.050 and $3.10. If the bulls can strongly break through these positions, it may open up space for XRP to reach the range of $3.120-$3.150, and even have the chance to challenge the major resistance level of $3.20. However, if it fails to break through, XRP may fall back to $2.970, or even $2.920. If it continues to drop, it may test the area of $2.840-$2.780, which could trigger more selling pressure.

From a technical perspective, although the MACD on the hourly chart is in the bearish zone, the downward momentum is weakening. Meanwhile, the RSI has risen above 50, indicating that the bulls still have the opportunity to exert strength. Traders should closely monitor the key points at the $2.970 support level and the $3.050 resistance level, as short-term price fluctuations may provide good trading opportunities.

Overall, XRP is currently fluctuating between support and resistance levels. For a real breakthrough to be seen, bulls need to break through the key level of $3.10. Despite the market volatility, opportunities are always left for those investors who are prepared. In the current market environment, investors should remain vigilant, closely monitor price movements, and make informed investment decisions based on their risk tolerance.