Key levels determine the fate of XRP! Will it rise to $2.7 or fall below $2? Not necessarily!\n4o\n\nClick the avatar to watch the live stream and chat!\n\nThe week started positively for XRP, as the company announced on Monday that its long-awaited stablecoin would officially launch for trading the next day.\nXRP surged significantly, soaring from below $2.4 to above $2.7 as the release date approached. However, shortly after, its trend reversed, with a market crash causing it to plummet severely.\nIn fact, Ripple's token crashed 28% from the aforementioned local high to $1.96. Many XRP whales took the opportunity to buy more tokens, which may help the asset recover some ground, rising to nearly $2.4 yesterday.\n\nHowever, it lost momentum again and is currently struggling to maintain above $2.2. According to renowned cryptocurrency analyst Ali Martinez, this level is particularly important for XRP's future price movements.\nIf it successfully holds this level, the token may resume recent bullish activity and push towards $2.7 again. Conversely, if it falls below $2, it may potentially drop below $2 for the third time in December.\n\nEarlier today, XRP did drop below this line, falling to $2.17, but at least it has successfully rebounded for now. The next few days will be crucial in determining XRP's year-end closing price and whether the much-anticipated Santa Claus rally will truly occur.\nWith the recent adjustment, XRP's market cap has fallen below $130 billion again. This means it has surrendered the third position to USDT, which has a market cap close to $140 billion.\n\nClick the avatar to watch the live stream and chat!