The XRP market has recently shown intense competition, with prices fluctuating between $2.34 and $2.39. Notably, the number of wallets holding more than 10,000 XRP has reached a new high of 317,500, indicating that large funds are actively positioning themselves.

Ripple's recent series of actions has attracted market attention. The company has not only launched a financing plan worth $1 billion but also plans to acquire GTreasury, which are widely seen as positive signals. At the same time, the U.S. Securities and Exchange Commission (SEC) is steadily advancing its review of the XRP spot ETF, and once approved, it could trigger a strong upward trend.

However, $2.40 has currently become a key resistance level for XRP's rise, having been tested multiple times without breaking through. Market analysts generally believe that if this level is successfully breached, the XRP price is expected to further rise to $2.47, or even $2.60. Conversely, if it fails to break through, it may fall back to $2.30, and in extreme cases, it could even touch $2.20.

It is worth noting that the long position ratio of XRP perpetual contracts has exceeded 70%. This high deviation may indicate potential risks in the market. For investors intending to go long, it is recommended to wait for confirmation of a breakout above $2.40 before entering. For traders inclined to short, they may consider attempting to enter around $2.40, but it is essential to set a stop loss at $2.45 to manage risk.

Overall, the price trend of XRP is influenced by multiple factors, including technical, capital, and policy aspects. Investors need to consider these factors comprehensively when making trading decisions and remain highly vigilant about market changes.