$RPL is under heavy pressure, trading at $2.24 (~Rs627.36) after a sharp -19.42% drop. That’s not just a pullback — it’s aggressive distribution shaking out weak hands.

This nearly 20% correction signals strong selling momentum, likely tied to broader weakness in the liquid staking narrative. Structurally, price is now approaching key historical consolidation zones. If this support holds, we could see a relief bounce fueled by short covering and dip buyers stepping in. If it breaks, expect deeper retracement toward lower timeframe liquidity pockets.

Fundamentally, Rocket Pool remains directly tied to Ethereum staking demand and yield dynamics. Any shift in ETH sentiment or staking inflows will directly impact RPL’s recovery potential.

Outlook: High-volatility correction phase. Critical support test in play. Reclaim and hold could trigger a sharp rebound. Lose it, and downside expansion accelerates.