Key Takeaways
- XRP settled the week at $1.029, marking its weakest weekly close in approximately two years
- The digital asset has declined approximately 44% since the start of the year
- Technical analyst Bird identifies a potential double-bottom formation developing at the $1 threshold
- Market observer ChartNerd projects a potential decline to $0.7 before significant recovery
- Large holders accumulated 380 million XRP tokens during the past seven days amid market volatility
XRP has marked its weakest weekly closing price in approximately 24 months, settling at $1.029 as the previous week concluded. The digital asset currently hovers near $1.03, experiencing a modest 0.5% decline over the last day and a 3.43% decrease across the previous week.
Since the beginning of the year, XRP has retreated approximately 44%, returning to a price level that has previously served as a significant support zone.
Market analyst Ash Crypto was among the early voices highlighting this development, emphasizing that the weekly close represented XRP’s most vulnerable position in nearly two years.
Market commentator That Martini Guy provided his perspective on X, observing that XRP “just closed its lowest week in nearly 2 years at $1.029,” characterizing it as “a serious breakdown.” He emphasized that the critical question moving forward is whether this represents “the start of a deeper reset, or the kind of capitulation that eventually creates the next opportunity.” He confirmed he is “watching this one closely.”
Will XRP Form a Double Bottom or Extend Losses to $0.70?
According to XRP developer and technical analyst Bird, XRP is currently positioned directly atop a crucial support zone at the $1 mark. He has identified two potential scenarios moving forward.
The first scenario involves XRP maintaining the $1 threshold, establishing a double-bottom structure, and finalizing a W-pattern reversal that could drive prices upward.
The alternative scenario suggests XRP may temporarily drop beneath $1 to sweep liquidity before recovering above the level and initiating a more robust upward movement. Bird emphasized that either trajectory could ultimately result in higher valuations.
Market analyst ChartNerd presents a more conservative outlook. He anticipates XRP declining to $0.70 before any substantial recovery materializes, and projects the token will maintain a downward trajectory through the conclusion of 2026.
Technical Buy Signal Emerges Alongside Whale Accumulation
Market analyst Ali Martinez highlighted that the TD Sequential indicator has generated a buy signal on XRP’s monthly timeframe. Historical occurrences of similar signals preceded substantial rallies of 1,074% in 2020 and 973% in 2022.
Martinez further noted that XRP needs to surpass $1.06 initially, a resistance threshold where approximately 3 billion XRP tokens changed hands. A monthly settlement above this level could establish a pathway toward $1.35 and subsequently $1.64.
The daily Relative Strength Index presently registers at 39, remaining within bearish territory. An advance above the 50 level on the RSI could facilitate XRP’s breakthrough of the $1.06 resistance and establish the 50-day exponential moving average at $1.10 as the next target.
According to analyst Ali Charts, major XRP holders acquired 380 million tokens during a single seven-day period, indicating that large-scale investors maintain conviction despite ambiguity surrounding the potential passage of the CLARITY Act in 2026. Successfully closing above the 50-day EMA at $1.10 for three consecutive sessions could subsequently propel XRP toward the 200-day EMA positioned at $1.18.
