XRP drops 14% to fourth place: XRP is currently experiencing a significant setback, falling over 14% in the last 24 hours and ranking fourth in the cryptocurrency market. Despite reaching a rebound point after retesting the 2021 HIGH, the price remains just above 2 USD.

Potential for another price drop: analysts warn of a possible additional dip for XRP, due to liquidity events affecting the price structure. While a rebound has occurred, the c-wave correction remains unconfirmed, indicating potential further downturns as market volatility continues.

Support levels to monitor: should the decline persist, attention should be on KEY support levels at around 1.85 USD. Additional support is found at 1.78 USD and 1.66 USD, crucial if XRP’s price trajectory moves downward. These benchmarks will be KEY in analyzing future market changes.