XRP is currently hovering around $3.23, closely touching the upper band of the Bollinger Bands. The RSI indicator has reached 67.9, entering the overbought zone. Notably, the open interest has shown a net outflow for 5 consecutive days, with a total outflow of about 250 million, while the Long-Short Ratio has also shown a downward trend. These signs indicate that the bullish momentum may be weakening in the short term.

For trading strategies, investors with a higher risk appetite may consider looking for long opportunities in the low volume area of $3.21-$3.22. It is recommended to set the stop-loss at below $3.2048, with target price levels locked in the high volume area of $3.46-$3.51, expecting a risk-reward ratio of about 2.7. More conservative investors may wait for a price breakout above $3.51 accompanied by increased volume, or to act in the trend after a drop below $3.16.

Market structure analysis shows that $3.4595 is a key value anchor point, with an accumulated trading volume of 848 million above, constituting the maximum resistance faced by long positions. $3.44-$3.48 and $2.75-$2.84 are the upward buffer zone and the retracement support zone, respectively. It is important to be cautious that if the hourly close falls below $3.20, the bullish pattern may be broken, potentially triggering a sharp decline.

From a more macro perspective, XRP is currently still in the adjustment phase of a bull market, experiencing the tail end of high-level fluctuations in the short term, and the market is about to face a directional choice. For market makers, it is recommended to conduct dual-currency market making in the range of 3.200-3.500 USD, which covers 70% of the trading volume and major high trading volume areas, while the funding rate is low, and the market depth is sufficient, with the potential to gain a range fee income of 1.5%-3%.

No matter what strategy you choose, always keep in mind the importance of risk management. Closely monitor market trends and adjust your strategy in a timely manner to seize opportunities in this rapidly changing cryptocurrency market.