Market veteran Ali Martinez has identified a critical level that Ripple's XRP needs to hold in order to prevent further bearish price action. XRP has been negatively affected by the struggles of Bitcoin, dropping below the pivotal $2 level. Martinez pointed out a head and shoulders structure in XRP's chart, which could lead to a deeper price slump if the asset breaks below the neckline at $2. If this occurs, it would shift XRP's macro trend from bullish to bearish. Another expert, Dom, also warned of steeper declines if XRP drops below $2, with a potential bearish target of $1.6. Currently, XRP is trading at $2.1.



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