Crypto markets this week weighed hopes for an XRP rebound against data showing a sharp drop in XRP Ledger activity. Uncertainty also rose over whether the U.S. Clarity Act can be handled by the July 4 Independence Day target, keeping regulatory doubts in focus. Bitcoin stayed rangebound and broader fund rotation into altcoins remained limited. Ripple executives highlighted on-chain settlement as a strategy, while analysts debated key XRP price levels and scenarios.

XRP could slide once more toward the $1 level before any sustained rebound, an analysis said. Market analyst Arthur said XRP may retest $1 before the current correction ends, citing a weekly Fibonacci retracement near $1.17 and a break above a long-term downtrend line. He said heavy orders around $1 could draw price lower in a final liquidity hunt. Investors are also watching the U.S. Senate’s Clarity Act schedule, while broader crypto sentiment remains weak.