XRP Faces Volatility Amid Market Downturn and Competitive Pressures

XRP faces significant resistance at $2.40, leading to a 10% correction to $2.00, a critical support level. The decline is exacerbated by liquidations and profit-taking, with the $2.00 mark being pivotal for XRP's short-term trend. A failure to hold this level could trigger further declines, potentially to $1.88 or $1.75, as bearish momentum and liquidation pressures persist. The future price action will depend on broader market sentiment and the ability to reclaim the $2.30 resistance.