The analysis begins with an overview of XRP, noting a significant drop across the crypto market, Bitcoin, and Ethereum. According to the analyst, this drop seems to be the largest liquidation spike since March. He stresses the importance of reclaiming the 2.84 level for XRP. The analyst talks about an unexpected crash in Asia and expects the market to reclaim stability at 2.84 to 2.86 before making a rally and retesting the spike at 2.75 to 2.7, but mentioned that will not be a rapid move, it should be more conservative.