XRP is showing increasing vulnerability as its price action flirts with the critical $2 support level, raising the risk of a deeper market breakdown.
Notably, the asset’s recent trading activity indicates that bulls are struggling to defend this threshold, and failure to hold it could trigger a sharp decline toward the next major support at $1.20, according to insights from cryptocurrency analyst Ali Martinez.
In an X post on December 3, Martinez noted that XRP is displaying a clear downward trajectory that began after the token peaked above $3.40 in mid-year.
XRP price analysis chart. Source: Ali_charts
Since then, the asset has consistently set lower highs and lower lows, pointing to persistent selling pressure.
The most recent bounce attempts near the $2 zone appear weak, with price action repeatedly failing to regain upward momentum. This behavior highlights waning demand as the market approaches a historically significant floor.
The long-term structure supports th
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