XRP Price: Buy Signal Flashes as Weekly Close Hits Two-Year Low

TLDR

• XRP closed the week at $1.029, its lowest weekly close in nearly two years
• The token is down roughly 44% year-to-date and trading around $1.03
• Analyst Bird sees a possible double-bottom W-pattern forming at the $1 support zone
• Analyst ChartNerd expects a drop to $0.7 before any strong rebound
• XRP whales bought 380 million coins in one week despite market uncertainty

XRP has recorded its lowest weekly close in nearly two years, finishing last week at $1.029. The token is currently trading around $1.03, down about 0.5% in the past 24 hours and 3.43% over the past seven days.

Year-to-date, XRP is down roughly 44%, bringing it back to a price zone that has historically acted as strong support.

Analyst Ash Crypto was among the first to flag the development, pointing out that the weekly close was the weakest XRP has seen in close to two years.

Trader and market commentator That Martini Guy shared his take on X, writing that XRP “just closed its lowest week in nearly 2 years at $1.029,” calling it “a serious breakdown.” He noted the key question now is whether this is “the start of a deeper reset, or the kind of capitulation that eventually creates the next opportunity.” He said he is “watching this one closely.”

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