Latest analysis shows that XRP is in a descending triangle pattern, a technical indicator that usually suggests the price may fall further. More notably, in the past 24 hours, XRP's trading activity has significantly dropped, with Trading Volume plummeting nearly 70%. This phenomenon reflects a cautious investor sentiment and a substantial decrease in market participation.

The sharp contraction in Trading Volume has an adverse impact on the short-term price trend of XRP. The reduction in market liquidity may lead to increased price volatility, while also weakening upward momentum. This drop in trading activity is often viewed as a potential bearish signal.

Currently, market observers advise investors to remain vigilant. If the XRP price reaches the range of 2.9 to 3.0 dollars, it may face significant downward pressure. Some analysts predict that under the current market conditions, XRP may test support levels of 2.8, 2.7, or even 2.6 dollars.

However, market trends are often influenced by multiple factors. The upcoming non-farm payroll data may impact the overall sentiment in the cryptocurrency market, which in turn could affect the trend of XRP. Investors should closely monitor macroeconomic data and make informed decisions based on technical analysis.

In any case, it is particularly important to operate prudently and reasonably control risks in the current market environment.