$XRP Will hit $2.7 or fall below $2 again

XRP got off to a strong start this week after the developer announced the launch of its stablecoin, pushing the coin up significantly from $2.4 to $2.7.

XRP then came under market pressure and fell 28% to $ 1.96 before partially recovering to its current level of $ 2.25.

The rally came after whales took advantage of the currency's low price.

Renowned analyst Ali Martinez sees this level (the current level above $2.25) as a pivot point for the XRP price.

If the coin manages to stabilize above it, it may regain its bullish activity towards $2.7.

If it falls below it, it could go back below $2 for the third time this month.

XRP price already reached $2.17 earlier today before temporarily bouncing back.

The coming days will be crucial to determine the coin's trajectory as the end of the year approaches, and whether it will see the expected year-end rally.

With the recent correction, XRP's market cap has fallen below $130 billion, losing its third position to USDT, which has a market cap of around $140 billion.