XRP Plummets: Support at $2 Touched Amidst Market Uncertainty

The XRP token experienced a sharp decline this week, dropping below $2 before recovering slightly. Analysts have identified the $2 level as crucial support, with potential for further losses if it’s breached. The overall market downturn, including significant liquidations in crypto markets, has contributed to the pressure on XRP’s price. While some see opportunities presented by ETF speculation, others remain wary of the token’s vulnerability amidst bearish sentiment and technical indicators suggesting a weakening trend.