The cryptocurrency market is experiencing a significant decline, with many cryptocurrencies seeing double-digit drops. Bitcoin, Ethereum, and XRP have all seen decreases in their prices. Factors such as the upcoming FOMC meeting and struggles in the stock market, particularly AI-related stocks, are influencing this market-wide retracement. Liquidations have also contributed to the volatility, with Bitcoin's sharp dip triggering cascading liquidations and further price drops. XRP has seen a major decline from its recent highs and its short-term outlook depends on Bitcoin's performance. The $2.52 level is crucial for XRP's current market structure, and a break below this could lead to further downside pressure. However, the long-term bullish structure for XRP remains intact, with experts expecting the bullish momentum to continue. It's important to monitor key support levels at $2.70 and $2.60.



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