XRP has recently shown some interesting phenomena. In several leading exchanges, short positions are unusually concentrated, and longs have been hit hard, with significant liquidation scales. The price has been oscillating around the 2.17 level, and uncertainty is pervasive in the market.

From a technical perspective, the current situation is indeed worth caution. If a rebound occurs, encountering resistance in the 2.22 to 2.28 range is highly probable. This level is suitable for entering short positions, with a stop-loss set at 2.33. If things go smoothly, 2.03 is the next major target.

Another trigger point is breaking below 2.17. Once this line is breached, the aggressiveness of the bears will be fully activated, and the downward space will open up more rapidly.

But there's a detail to watch out for — the 2.028 level is the long-term support of EMA99, which historically tends to bounce back from this point. If the price really drops to between 2.03 and 2.05, consider taking a small position to gamble on a rebound, but you must be quick in and out, avoiding getting caught in a fight.

Overall, the logic still favors the bears. Rebound then short, breaking below key support and continuing to short will align with the main trend and increase the win rate. Trading ultimately is about odds; only when the probability of success is high enough is it worth taking action.