XRP recently received positive news with a banking custody license, but it faced obvious selling pressure at the 2.10 key level. The market behavior is quite interesting——the price has already fallen nearly 40% from the July high, and multiple attempts to break through around 2.06 have failed (which is often called a false breakout).

From the data on open contracts, the enthusiasm of longs is clearly waning. If this selling pressure continues to exert force before the weekend, it could easily trigger a chain reaction of long liquidation, and the price may retreat to the support zone around 1.90.

Some traders are considering shorting:
• Entry range: 2.060-2.090
• Stop-loss setting: 2.150
• First target: 1.920 (approximately 8% decline)
• Second target: 1.820 (approximately 12% decline)

Overall, the technical outlook suggests that the risk of this correction is still worth paying attention to.