The price of XRP is currently in a range-bound battle around 3 dollars, with an intraday fluctuation range between 2.99 and 3.12 dollars. The market focus remains on the important psychological threshold of 3 dollars.

From a macro perspective, there are two major positive news recently: first, the court ruled that the sale of XRP by exchanges does not constitute a security; second, Federal Reserve Chairman Powell hinted at a possible interest rate cut in September. These factors are expected to provide support for cryptocurrencies such as XRP.

On the technical side, XRP is currently in a key range of $2.95 to $3.10. The volume performance is mediocre, and various technical indicators show divergence. Investors need to closely monitor the changes in trading volume within this range to assess the future market direction.

For trading strategies, consider buying near $3.00, setting a stop loss at $2.95, and target price levels at $3.08 or $3.15. If it can effectively break through the resistance at $3.10, you might consider increasing your position, but be careful to manage the risk. If it falls below the support level of $2.95, you should consider reducing your position or taking a light short position.

Overall, although the regulatory environment has improved, the technical trend of XRP remains unclear. Investors should remain cautious, strictly implement stop-loss strategies, and avoid blindly chasing gains or cutting losses. In this uncertain market, patience and discipline will be key to success.