Ripple’s XRP price has experienced a significant decline in the past week, dropping from $2.79 to below $2.40, leading to a loss of nearly $8 billion in market value within 24 hours. This steep drop is fueled by weak technical signals and lagging performance compared to other cryptocurrencies like Bitcoin and Ethereum. Technical analysis reveals signs of exhaustion on the XRP chart as it broke beneath key support levels including the 38.2% Fibonacci level at $2.52 and the 30-day moving average at $2.83. This has triggered a shift in momentum, with analysts noting that RSI near 34, a negative MACD, and widening Bollinger Bands point towards continued bearish sentiment. 💰 XRP price outlook is now being closely watched as on-chain analyst Ali Martinez expects XRP to retest the $2 mark, highlighting short-term support at $2.10 and resistance at $2.80. He warns that unless buyers push prices back above $2.50, a deeper decline is likely. 📈 The situation has intensified the significance of the $2 zone for bulls, with its break below posing a potential opening for further downturns. However, regaining a foothold above this level could spark a short-term recovery. Remember, the information presented in this article should not be interpreted as financial advice. Consult a licensed financial advisor before making any investment decisions.