The analysis focuses on XRPUSD on a daily timeframe. It notes a significant market crash where the market retested April lows. The analyst highlights a 45% drop. The analyst points out that XRP has recovered 45-50% from today's crash. Larger support levels are still holding, with the main support level at around $1.20, which is the 50% retracement from the October low. To get into a proper recovery, the analysis indicates a need to get back above $2.80. 2.65 was the key support level. Analyst highlights the need to see how the structure builds, but a wick like that doesn't really gives any structure. Larger support is between 1.20 and 1.55. Analyst also noted that when trading with leverage the position sizes should be small for risk management.