XRP posts lowest weekly close in nearly two years as price nears $1.00

XRP recorded its lowest weekly close in nearly two years after losing the $1.04 support level that had held on every weekly close since November 2024, and later traded as low as $1.002, just above the $1.00 psychological threshold. The token was down 5.9% over seven days, with sentiment pressured by another delay to the U.S. CLARITY Act, modest support from spot XRP ETFs despite a fourth straight positive week of net inflows, and debate among analysts over whether the move signals a deeper decline or a rebound setup. Bearish views pointed to downside targets between $0.85 and $0.75 if $1 fails, while bullish arguments cited a Tom DeMark Sequential monthly buy signal, whale accumulation of more than 380 million XRP, and XRP Ledger ecosystem growth including $4.4 billion in tokenized real-world assets.

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