The price of XRP is currently fluctuating around $2.49. Recently, this Crypto Asset experienced a brief pump before starting to decline. From the perspective of Technical Analysis, there have been consecutive upper wicks on the 1-hour chart, and the price is at the middle band of the Bollinger Bands on the 4-hour chart showing a downward trend, indicating that short positions are strengthening.

Considering the current market environment, investors may need to maintain a cautious attitude. If the price encounters resistance in the range of $2.50 to $2.55, it could trigger a new round of declines, with a potential downside target price around $2.41.

However, we also need to note that the volatility of the Crypto Assets market has always been high. Although there may be downward pressure in the short term, the long-term trend still depends on broader market factors and industry developments. Investors should take multiple factors into account when formulating trading strategies and always remember the importance of risk management.

It is worth mentioning that the recent cryptocurrency market has shown an overall correction trend, which may affect the movement of XRP. At the same time, the increased holdings of Bitcoin by some institutional investors, as well as changes in the U.S. Treasury's Bitcoin reserves, may indirectly impact the entire cryptocurrency ecosystem, including other digital assets such as XRP.

Regardless, it is crucial to remain calm and rational in this rapidly changing market. Investors should continuously pay attention to market dynamics and make informed investment decisions based on their own risk tolerance.