Ripple (XRP) continues its weak trend around the $1.30 level. Having fallen more than 2% over the past 24 hours, short-term selling pressure has come into focus, and whether the $1.30 level can be maintained has emerged as a key market concern.

■ On the 17th, Ripple Trades at 1.3099 USDT... -2.31% Over 24 Hours

On the 17th, Ripple (XRP) was trading at 1.3099 USDT, down 2.31% over the past 24 hours. During the same period, it recorded a high of 1.3534 USDT and a low of 1.2891 USDT.

The current price is about 3.21% below the 24-hour high and about 1.61% above the low. Although it dipped to the 1.28 dollar range intraday before recovering part of the decline, it still remains considerably below the high.

■ '$1.30' Psychological Defense Line... Lower Bound at $1.2891, Upper Bound at $1.35

In particular, the $1.30 level is drawing attention as a psychological reference point for gauging short-term price movements. If this price level is stably maintained, it can be expected that the rebound attempts seen at recent lows may continue. Conversely, if the price falls below $1.30 again, the area around the 24-hour low of $1.2891 could become a zone for confirming short-term support.

On the upside, recovery around the $1.35 level is the key. To retest the recent high of 1.3534 dollars, an increase in trading volume must be accompanied by expanded buying interest.

■ Short-Term Rebound ≠ Trend Reversal... Broader Market Variables Also Worth Watching

Ripple's (XRP) current price action can be interpreted as short-term downward pressure dominating, with some buying support appearing near the lows. However, the fact that the price rebounded from the lows alone makes it difficult to conclude that the downtrend has ended.

The overall trend of the virtual asset market is also a variable. Depending on price movements of Bitcoin (BTC) and Ethereum (ETH), global investor sentiment, and U.S. monetary policy outlook, Ripple's (XRP) short-term volatility could expand.

Going forward, the main points to watch in the market are expected to be: whether the $1.30 level is maintained, the possibility of a retest of 1.2891 dollars, and whether prices recover to the 1.35 dollar range. In a situation where the price repeatedly fluctuates within a limited range, it is necessary to distinguish between a short-term rebound and a trend reversal.

[Virtual assets are high-risk investment instruments subject to sharp price fluctuations. Future movements cannot be accurately predicted based solely on current prices and past volatility, and the actual market may unfold differently from forecasts. Responsibility for gains and losses from investments and for final decisions rests with the investor. This article is not intended as investment advice, and AI assistance was used in its writing.]