The cryptocurrency market is under continued selling pressure, with major altcoins experiencing an average drop of 5% over the past 24 hours. Despite previous attempts at recovery, the market’s overall sentiment remains weak, with critical levels still intact but vulnerable. XRP continues its long-term downward trajectory, trading near the $1.2 threshold after slipping below it. A minor short-term rally towards $1.25 may occur, yet the overall outlook suggests deeper market weakness. Data from November 5 indicates over $12 million in long positions were liquidated, reflecting increased buy interest that was swiftly met with selling. Trading volume trends also highlighted the insufficient backing for any short-lived recovery attempts.