XRP has experienced a 20% decline over the past month, currently trading at $2.34. Despite a brief surge following Ripple's partnership with Mastercard, the cryptocurrency's rally was short-lived. Analyst @CasiTrades, applying the Elliott Wave Theory, suggests that XRP remains in a correction phase and could retest the $2.05 level before any potential recovery to $2.36. Another analyst cautioned that failing to reclaim the $2.7 mark could lead to significant challenges for XRP.