XRP started to reveal signs of manipulation when it hit 2.4175. You see the price dropping rapidly, but the trading volume doesn't keep up, a classic divergence between volume and price—this is a common trap used by the main players to lure in more buyers.

Contract data is even more interesting. Open interest at high levels isn't expanding; instead, large traders are quietly increasing their short positions. What does this mean? The main players have already been distributing their holdings at high levels, and the price surge is just the final step to unload their positions.

From a technical perspective, the signals are even clearer. Multiple timeframes show divergence signals, indicating significant short-term correction pressure. Once the key support level is broken, it could trigger a chain reaction of declines, and the selling momentum will be very fierce.

The current strategy is to establish short positions around the 2.385 resistance level. Place stop-loss just above the recent rebound high, without giving too much room. The target range can be set between 2.2 and 2.1, offering a quite favorable risk-reward ratio.