<ul><li>XRP price is holding above key support levels after an aggressive 20% drop since last Sunday.</li><li>Top analyst Ali Martinez suggests that XRP is breaking out of an ascending parallel channel, signaling a potential downside with a target of $1.65.</li><li>If XRP manages to hold above $2, bulls could push for a recovery and regain momentum. However, a failure to defend this support level may result in a deeper correction.</li><li>The next few days will be critical for XRP's price action as investors look for a potential reversal or continued downside.</li></ul>

XRP Breaks Down Below Key Demand – Analyst Expects A Drop To $1.65

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