I just looked at XRP's price trend, and it's currently hovering around $1.34, but I feel this level is quite fragile. The price has been pushed down multiple times from 1.35-1.36, and each time it can't rebound, indicating that selling pressure is clearly stronger.

What's a bit strange is that traders' holdings are increasing, and the funding rate is also rising, suggesting that bullish sentiment is heating up. But the price just can't go up, and this kind of mismatch usually isn't a good sign. I noticed that after a surge in trading volume in the early session, there was no follow-up rally, which is a warning signal.

The key level is $1.33—if it breaks, the price could accelerate downward toward around $1.30. Conversely, to reverse the situation, it needs to stabilize back in the $1.35-1.36 range. Currently, leverage is increasing but the price is stagnant, and the downside risk is indeed building up. We need to keep a close eye on this trend.