XRP Plunges to Two-Year Low: Can It Hold the $1 Support Line?

XRP's price has hit a two-year low, closing at $1.029 per token on its weekly chart.

This development puts XRP in a critical juncture as investors await whether the long-standing $1 support level will hold.

According to analyst Ash Crypto, XRP recorded its weakest weekly close in nearly two years, with some market watchers debating whether the token is preparing for a reversal or a dip below $1.

XRP chart data shows that the cryptocurrency has been trading around $1.03, down 0.5% over the past 24 hours and 3.43% over the past seven days.