Today's XRP market trend is noteworthy. The bearish predictions from this morning have not only been validated but the actual fall has even exceeded expectations. The price dropped to a low of around 3.42, well below the previously set target of 3.47.

From the hourly K-line chart analysis, XRP has broken through the lower Bollinger Band twice, showing significant downward pressure. Currently, the middle Bollinger Band around 3.53 has formed an important resistance level, making it difficult to break through in the short term.

Based on the current market situation, the 3.50 price level may be an ideal entry point for short selling. If it successfully breaks the 3.42 support level, the next key support level may be around 3.40.

It is worth noting that although XRP is showing a short-term falling trend, the cryptocurrency market is highly volatile. Investors should fully consider the risks when formulating trading strategies and closely monitor market trends. At the same time, they should also pay attention to the overall trend of the cryptocurrency market, as it may affect the price direction of XRP.

In this market environment, investors may need to be more cautious and develop flexible investment strategies. Whether choosing to wait and see or participate in trading, decisions should be based on one's own risk tolerance and investment objectives.