Recently, the XRP market has shown a positive trend, with prices fluctuating between 2.70 and 2.83, and an increase of about 3%. In terms of technical indicators, the MACD is close to forming a bullish crossover, indicating that bullish strength may further increase in the short term.

It is worth noting that institutional investors' interest in XRP continues to heat up. According to statistics, in the past two weeks, large holders (commonly known as "whales") have cumulatively increased their holdings by 340 million XRP, demonstrating confidence in the asset. At the same time, XRP-related ETF applications are under review by regulatory agencies, which injects positive factors into market sentiment.

From a trading strategy perspective, investors may consider laying out long positions in the support area of 2.70-2.74. The important resistance level above is located at 2.83, and a breakthrough at this position may open up further room for rise. However, investors should also pay attention to risk management, and it is recommended to set the stop-loss level below 2.69 to prevent unexpected market downturns.

It is worth mentioning that the upcoming non-farm payroll data may impact the cryptocurrency market. Investors should closely monitor this important economic indicator and adjust their trading strategies accordingly.