XRP Price: Near-Term Uncertainty as Key Support Is Threatened

Market analyst Ali Martinez has warned that the XRP token’s outlook could turn sharply bearish if it fails to hold above the crucial $2.74 support level. His analysis, based on a chart revealing a descending triangle pattern, suggests that a break below this threshold could open the door to further declines, potentially targeting prices as low as $2.35. This aligns with Fibonacci retracement levels which indicate potential for more weakness if sellers regain control.