XRP traders are closely monitoring the $2 and $1.20 support levels as the cryptocurrency faces increased market pressure. Currently priced at $2.0134, XRP has experienced an 8.6% decline, raising concerns about a potential breach of the $2 mark. Analyst Ali Martinez emphasizes the importance of the $2 level, warning that a sustained drop below it could lead to heightened selling pressure, with $1.20 as the next significant support. The market is witnessing intensified activity as traders evaluate whether these support levels can withstand the current weakening momentum. The decline in XRP's price follows a trend of decreasing highs observed earlier this year, adding to the uncertainty surrounding its short-term trajectory.