- Analyst Ali Martinez predicts XRP could sharply decline toward $2 soon.
- XRP struggles below $2.60 as bearish momentum gains stronger traction.
- Traders eye $2 support level amid renewed pressure on Ripple’s token.
XRP holders are facing renewed anxiety as price charts suggest another downturn could be approaching. According to Ali Martinez, XRP appears ready to revisit the $2 mark after losing key support levels in recent trading sessions.
XRP is currently trading near $2.49 against Tether (USDT) on Binance’s perpetual contract. The recent market setup shows the asset has failed to sustain momentum above $2.60, which previously served as an important support zone.
The breakdown below that threshold has fueled expectations of a further decline, intensifying caution among traders and investors.
Additionally, the 12-hour chart shared by the analyst reveals a clear pattern of lower highs, indicating persistent selling pressure. After a minor rebound attempt, XRP struggled to recover past $2.60 and instead turned lower again. This movement indicates that bearish forces remain strong, with the possibility of a gradual slide toward $2.30 and eventually $2.00.
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Technical Indicators Suggest a Weak Outlook
According to Ali Martinez, XRP’s current setup fits a classic retest and continuation formation. The dotted path in his chart highlights potential fluctuations before the token reaches the $2 target zone. Many traders interpret this projection as a sign that XRP could extend its correction phase unless strong buying activity returns soon.
Moreover, the analysis emphasizes how critical the $2.60 level has become. It has now turned into resistance, making it harder for XRP to regain upward traction. Market participants view this as confirmation that sentiment has shifted from optimism to caution. The next major support sits near $2, which has historically acted as a significant psychological level for traders.
Additionally, the projected path reflects cautious optimism among a few market participants who believe the $2 region could provide a short-term recovery point. Yet, confidence remains subdued as most indicators point to continued weakness in the short run.
XRP’s latest move underscores the volatile nature of the crypto market and how quickly sentiment can shift. As traders monitor the charts shared by Ali Martinez, all eyes are now on whether XRP stabilizes near $2 or faces another wave of selling pressure in the days ahead.
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