XRP Price Faces Key Test at $2.3, Risk of Drop to $2

Recent price action for XRP has seen the asset hover around a critical support level at $2.3 after multiple attempts to break through key resistance zones. The asset briefly reached $2.7 last week but struggled to maintain momentum amidst increased selling pressure. 📈 📉 🧐 💥 On Wednesday, bulls initiated a short-lived surge, pushing XRP prices to $2.65 before facing rejection and dropping back to $2.3 by Friday. The weekend rally saw another attempt to break above $2.5, but ultimately failed. 🎢 🌊 XRP is currently teetering around this crucial level, which has been tested multiple times in recent weeks, according to crypto analyst Ali Martinez. He highlights that if XRP fails to maintain a price above $2.3, a significant drop to $2 could occur as this area has served as key support since the beginning of the year.