XRP has fallen sharply this time. It plunged directly from 2.7 to 2.2, a clear plummet. Short positions are quite strong right now, but interestingly—looking at the bottom Trading Volume, it has obviously started to shrink. What does this mean? The selling pressure is weakening.

Now we need to keep a close eye on the range of 2.18 to 2.20. Why? Because this area serves as both a previous low point support and coincides with the lower Bollinger Band, creating a double defense. As long as the price holds this position without breaking, a technical rebound could happen at any time.

What should I do? Definitely don't chase short positions right now. Wait a bit, let the bullets fly for a while. If the price really stabilizes around 2.18 and then recovers above 2.25, a short-term repair to 2.30 or even 2.33 is possible. But then again, what if it can't even hold 2.18? Then just let the bears continue their performance. Don't go against the market, waiting for clear signals before taking action is the right way.