The current price movement of XRP is showing a sideways consolidation trend, hovering around 3.25 dollars. In the short term, investors need to remain vigilant, as the key support level of 3.08 dollars may face a breakthrough risk.

Recently, XRP experienced a strong rise from $2.92 to $3.38, but then began to pull back. The price broke below the support level of $3.20 and a contracting triangle pattern, and is currently below the 100-hour moving average, with a weak short-term trend.

If XRP rebounds, $3.20 will become the first resistance level, followed by key positions at $3.22, $3.2650, $3.32, $3.35, and $3.45. Among these, $3.22 is particularly important, as a breakthrough at this level may allow for further upward movement.

On the downside, $3.12 and $3.08 are important support levels. If the $3.08 support fails to hold, XRP may accelerate its decline to the $3.02-$3.00 range, which may attract bulls to re-enter.

In terms of technical indicators, the MACD shows that bearish momentum is still strengthening, and the RSI is also below 50, further confirming the weakness in the short-term price movement. Therefore, investors should closely monitor the key support level of $3.08.

The cryptocurrency market is volatile, and investors should not only focus on prices but also pay attention to key support and resistance levels. Accurately grasping the market direction can increase the chances of profit. At the same time, the upcoming CPI data may have a significant impact on the market, and investors should stay alert.

In this uncertain market environment, rational analysis and risk management are particularly important. Whether to hold or trade, careful decisions need to be made based on individual risk tolerance and investment objectives.