Recently, the Crypto Assets market has shown signs of activity, influenced by the Fed chairman's remarks at the Jackson Hole seminar, leading to generally positive market sentiment. Ethereum has broken its historical high, reaching over $4880, Bitcoin has also risen by 4.2% to $117220, while XRP has rebounded to $3.05.

However, XRP is currently facing a complex market environment. While the Fed's optimistic attitude has injected positive factors into the market, the SEC's lawsuit still hangs over XRP like the sword of Damocles, affecting investor confidence. After breaking through the consolidation range, the XRP price has failed to maintain its pump, and traders are closely watching the performance of the $2.77 support level and the $3.21 resistance level.

Market analysts point out that despite a brief decline, market momentum is rapidly recovering, with buyers actively entering the market. The current trend shows strong bullish divergence signals, while selling pressure has weakened. The recent decline is viewed as a price reset, with the main resistance level shifting down from $3.41 to $3.21. Due to the strong market momentum, the $3.21 resistance level may only trigger a slight pullback, more like a brief pause, and it is expected that the price may test the $3.168 position subsequently.

From a macro perspective, XRP's trend still aligns with its long-term upward trajectory, indicating a high likelihood of reaching new highs. The expected pullback may be relatively shallow, possibly within the 0.118 to 0.236 Fibonacci retracement range. If XRP successfully converts $3.21 into a support level, the path towards higher resistance levels and new highs will become clearer.

Overall, the current bullish momentum of XRP aligns with the trends of other altcoin markets. If it can regain stability at $3.21, XRP is expected to further challenge the levels of $3.41 or even higher. In the long term, the market still holds expectations for XRP to create new highs. However, investors should remain vigilant about market risks and closely monitor changes in the regulatory environment and the overall direction of the Crypto Assets market.