The analysis focuses on XRP/USDT, which has fallen below the value area high of a previous range. The presenter notes XRP also fell below the value area low, previously between 2.75 and 3.25. The analyst's immediate target lies within the range of 2.80 to 2.83. A drop below 2.70 with high volume would invalidate the bullish outlook, potentially leading to a retest of 2.60, then 2.5, eventually targeting a point of control at 2.42. The analyst is hoping to recover 2.80 to 2.83 level to confirm bull market.