Recently, the market performance of XRP has been noteworthy, with the current price maintaining around $3.10, a weekly rise of over 3%. From a Technical Analysis perspective, XRP is forming a strong "head and shoulders" pattern, which is a potential bullish signal. If it can break through the key resistance level of $3.21, XRP may continue to pump, and there is even hope of challenging the historical high of $3.75.

Market data also supports this optimistic expectation. Recent holding data shows that long-term holders have reduced selling pressure, while short-term buyers are actively entering the market. Notably, the proportion of investors holding for a period between 1 week and 1 month has risen from 2.61% to 4.88%, indicating that market confidence is strengthening and demand is increasing.

However, investors should also be wary of potential downside risks. The important support level currently is at 2.94 USD, and if the price falls below 2.69 USD, it could lead to a failure of the bullish pattern. Therefore, closely monitoring these key price levels is crucial.

Overall, as long as XRP can maintain its current momentum and successfully break through the resistance level of $3.21, it has a great chance to create a new historical high. However, given the high volatility of the cryptocurrency market, investors should conduct thorough research and risk assessment before making any decisions.