Recently, XRP has become the focus of the market again, with the price staying at the Fibonacci support level of $2.94, and the long-short data also shows that bulls are clearly dominant: the long-short ratio on Binance is 3.34, and nearly 77% of traders are going long. This shows that the market as a whole is still bullish.

1. 
   Funds flowed out of the exchange: Within 48 hours, approximately $66.84 million in XRP was withdrawn, indicating that chips were being accumulated and selling pressure was reduced.
   
2. 
   Technical health: RSI is at 54, neither overbought nor oversold, just in the relative balance zone, leaving room for growth.； At the same time, the 50-day EMA provides solid support.
   
3. 
   Strong market structure: XRP holds steady after confirming support at $2.95, which happens to be the 50% Fibonacci retracement level. If it can hold this position, it means there is a chance to start the next wave of rise.
   

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  If it holds steady at $2.95, it is expected to experience a 22% rise in the short term, targeting the resistance level of $3.64.
  
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  However, if it falls below the $2.95 support, there may be a significant correction, so beware of being trapped.
  

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  Long positions are approximately $70.18 million
  
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  Shorts are around $50.34 million
  
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  The main liquidation range is between $2.93 and $3.05. Once the range is exceeded, it may trigger a chain reaction.