NEW YORK – XRP has recently shown strong momentum, reaching $3.10 on August 23 before consolidating around $3.01. The overall market sentiment remains bullish. Industry analysts point to Federal Reserve Chairman Powell’s dovish speech at Jackson Hole as a key driver of the market, reinforcing expectations of a September rate cut. Risk assets have benefited, significantly increasing the crypto market’s enthusiasm.

Data shows that XRP trading volume reached $58.81 million over the past 24 hours, far exceeding the recent average, indicating strong institutional trading interest. Short-term resistance remains in the $3.08 to $3.10 range. If it breaks through $3.30 with strong volume, analysts predict the price will move into the extended range of $5 to $8, opening up space for the next leg of

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