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<h3 id="key-takeaways">Key Takeaways</h3><ul><li>XRP settled the week at $1.029, marking its weakest weekly close in approximately two years</li><li>The digital asset has declined approximately 44% since the start of the year</li><li>Technical analyst Bird identifies a potential double-bottom formation developing at the $1 threshold</li><li>Market observer ChartNerd projects a potential decline to $0.7 before significant recovery</li><li>Large holders accumulated 380 million XRP tokens during the past seven days amid market volatility</li></ul><p>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.</p><figure id="attachment_204416" style="width: 100%" class="wp-caption aligncenter"><img class="size-full wp-image-204416" src="https://blockonomi.com/wp-content/uploads/2026/08/chart-13.webp" alt="xrp price" width="1824" height="1248"><figcaption id="caption-attachment-204416" class="wp-caption-text"><a href="https://www.coingecko.com/en/coins/xrp?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">XRP Price</a></figcaption></figure><p>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.</p><p>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.</p><p>Market commentator That Martini Guy provided his perspective on X, observing that XRP “just closed its lowest week in nearly 2 years at $1.029,” characterizing it as “a serious breakdown.” He emphasized that the critical question moving forward is whether this represents “the start of a deeper reset, or the kind of capitulation that eventually creates the next opportunity.” He confirmed he is “watching this one closely.”</p><div class="embed-x"><blockquote class="twitter-tweet"><p><a href="https://x.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> just closed its lowest week in nearly 2 years at $1.029.</p><p>That's a serious breakdown.</p><p>The bigger question now isn't what happened on the way down.</p><p>It's whether this is the start of a deeper reset, or the kind of capitulation that eventually creates the next opportunity.… <a href="https://t.co/sulwt0Ac2e" rel="noopener noreferrer nofollow">pic.twitter.com/sulwt0Ac2e</a></p><p>— That Martini Guy ₿ (@MartiniGuyYT) <a href="https://x.com/MartiniGuyYT/status/2086769342994432115?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2026</a></p></blockquote></div><h3 id="will-xrp-form-a-double-bottom-or-extend-losses-to-0-70">Will XRP Form a Double Bottom or Extend Losses to $0.70?</h3><p>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.</p><p>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.</p><p>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.</p><p>Market analyst ChartNerd presents a more conservative outlook. He anticipates XRP declining to $0.70 before any substantial recovery materializes, and projects the token will maintain a downward trajectory through the conclusion of 2026.</p><h3 id="technical-buy-signal-emerges-alongside-whale-accumulation">Technical Buy Signal Emerges Alongside Whale Accumulation</h3><p>Market analyst Ali Martinez highlighted that the TD Sequential indicator has generated a buy signal on XRP’s monthly timeframe. Historical occurrences of similar signals preceded substantial rallies of 1,074% in 2020 and 973% in 2022.</p><div class="embed-x"><blockquote class="twitter-tweet"><p><a href="https://x.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> READY FOR A BULL RALLY</p><p>1/5 <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"></p><p>— Ali Charts (@alicharts) <a href="https://x.com/alicharts/status/2086352846115520529?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 9, 2026</a></p></blockquote></div><p>Martinez further noted that <a href="https://coincentral.com/xrp-casinos/" rel="noopener noreferrer nofollow">XRP</a> 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.</p><p>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.</p><p>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.</p><p>The post <a href="https://blockonomi.com/xrp-hits-two-year-weekly-low-as-technical-indicators-flash-mixed-signals/" rel="noopener noreferrer nofollow">XRP Hits Two-Year Weekly Low as Technical Indicators Flash Mixed Signals</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

XRP Hits Two-Year Weekly Low as Technical Indicators Flash Mixed Signals

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