$RPL is trading around $2.24–$2.25 (~Rs627) after a sharp -19.6% drop, marking one of its strongest recent corrections. This kind of near 20% decline reflects aggressive selling pressure and clear weakness across the liquid staking narrative.

Technically, price is now approaching major support formed during previous consolidation phases. A strong reaction here could trigger a relief bounce fueled by oversold conditions and short covering. However, a clean breakdown below support would likely open the door for a deeper retracement and continuation of bearish momentum.

Fundamentally, Rocket Pool remains tightly connected to Ethereum staking demand and yield trends. Any shift in ETH sentiment, validator growth, or staking participation will directly impact RPL’s recovery strength.

Outlook: Strong correction in progress. Key support test underway. Hold and reclaim could spark a rebound. Lose support, and downside expansion accelerates.