Recently, the price movement of the XRP token has shown initial signs of reversal, with the 4-hour Candlestick Chart displaying a potential pump structure forming. Currently, the focus of investors and analysts is on the key resistance range between $3.0 and $3.1. If XRP can strongly break through and solidify above this level, it will signify the establishment of a reversal pattern, likely driving the price out of the current consolidation and back into a rise channel.

From a trading strategy perspective, the range of 2.85 to 2.90 USD constitutes an important support zone. As long as the price remains above this range, the bulls still have the advantage. If XRP can break through the resistance level of 3.2 USD, the next target price range may move up to 3.4 to 3.5 USD.

It is worth noting that the price movement of XRP is often correlated with the overall cryptocurrency market, particularly the price movements of Bitcoin (BTC) and Ethereum (ETH). Therefore, paying attention to the overall trends of mainstream cryptocurrencies is also of great significance in grasping the future direction of XRP.

In addition, there have been some noteworthy trends in the cryptocurrency market recently, such as increased holdings by Ethereum whales, a rise in IPO activities related to cryptocurrencies, and Hong Kong's introduction of new regulations for stablecoins. These macro factors may impact the cryptocurrency market, including XRP, and investors need to consider these factors comprehensively when making decisions.