XRP Faces Downside Pressure as Potential $2 Retest Sparks Concern

Analyst concerns are rising as XRP’s price faces potential retest of the crucial $2 level amidst ongoing bearish momentum. The cryptocurrency has witnessed significant market value loss, dropping by $8 billion in a day, prompting uncertainty and speculation about the coin’s future direction. Ripple’s leadership remains silent on this decline, leaving investors to wonder if the coin will experience prolonged consolidation or continue its downward trend. Analysts like Ali Martinez have flagged a potential dip to $2, citing the emergence of bearish trends and market patterns.