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XRP hits lowest weekly close in 2 years at $1.03 amid 44% YTD drop and whale accumulation.

Technical Signals
11 Aug 2026
Blockonomi
View Source
Neutral
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XRP closed the week at $1.029, its weakest weekly finish in about two years, down roughly 44% since the start of 2026. Analysts see mixed signals: some identify a potential double-bottom pattern at $1 that could lead to a rebound, while others expect a further drop to $0.70 before recovery. Large holders bought 380 million XRP tokens recently, and a technical buy signal on the monthly chart suggests a possible rally if XRP surpasses key resistance levels around $1.06 to $1.10. The market is watching closely to see if this marks a deeper reset or a buying opportunity.

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