From the recent trend, XRP has experienced a rebound after a sharp decline but is now showing signs of weakness, forming a clear downward trend structure. Each successive rebound high point is gradually decreasing, and this "lower high" pattern typically indicates that the sellers still hold the upper hand.

Currently, the market pressure is quite heavy. Whether in the short term or the medium term, this persistent downward momentum is difficult to reverse quickly. Based on this downward pace, XRP is likely to continue testing lower levels, with around $1.68 potentially becoming the next critical support line.

This price level is not arbitrary—it is an important previous support level. If it cannot hold, there may be deeper correction pressures. Traders should closely monitor this area; whether for long positions or risk management, preparations should be made in advance. At this stage, cautious observation is preferable to reckless trading.