Will Ripple Crash Hit Below $2.72 This Week?

Ripple (XRP) is facing a decline as it approaches the crucial support level of $2.72. After dropping nearly 5% in the past 24 hours, XRP currently trades around $2.85. This move follows rejection from overhead resistance, which previously capped recent rallies. Analysts believe this price movement signifies an impending squeeze. Crypto analyst Ali Martinez highlighted a descending triangle pattern on XRP’s price chart, pointing out that this pattern often precedes a breakout once the structure is complete. The current market sentiment suggests a potential breakdown below $2.72, with implications for further price declines if buyers don’t step in.