XRP is currently experiencing significant market pressure, with recent trading around $2.34 after a 3.38% decline from its peak of $2.411. The cryptocurrency is facing a critical support level at $2.30, as a bearish head-and-shoulders pattern has emerged on the charts, suggesting a potential drop to $2.00. Market volatility, driven by geopolitical tensions and trade disputes, coupled with an approaching unlock of one billion XRP tokens, contributes to the uncertainty in XRP's price action. Analysts, including Ali Martinez, indicate that if the XRP price falls below the critical support of $2.30, it could initiate a substantial decline towards the $2.00 mark. Recent trading data showed high selling volume when testing resistance levels, suggesting bearish sentiment among traders. The price's inability to maintain momentum above $2.40, along with increased selling pressure, raises concerns for short-term investors.

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