XRP recently faced selling pressure in the spot market and briefly broke below the key support level of $2.32, touching a low of $2.21. However, volume surged significantly at these low levels, displaying a clear "capitulation sell-off" pattern, after which buying interest quickly stepped in and prices stabilized and rebounded. In the short term, the market's focus is on whether XRP can reclaim the $2.31–$2.32 zone to relieve current downtrend pressure. From a price action perspective, strong demand absorption was evident near $2.21. Daily trading volume rose to 256.3 million coins, over 140% above average, yet prices did not continue lower, indicating selling pressure was effectively absorbed. The subsequent rally faced resistance multiple times at $2.31, which has now shifted to the primary resistance level. Before recapturing this zone, the short-term trend remains weak, but the 60-minute chart shows a short-term defensive area has formed at $2.258–$2.260, with lows gradually rising, suggesting the market is attempting to establish a provisional bottom.