XRP Records Worst Weekly Decline Since 2022 Amid Market Shakeout Concerns

XRP has experienced its most significant weekly price correction since 2022, signaling a period of intense volatility and downward pressure for the digital asset. Data from on-chain metrics and derivatives markets highlight substantial selling pressure as traders react to shifting market dynamics and breached support levels. Despite the prevailing bearish momentum, some analysts interpret this sharp pullback as a necessary "shakeout" phase to clear out leveraged positions. This technical reset is viewed by some market participants as a potential precursor to a recovery or a significant price move during the second quarter. However, the breach of long-term support remains a primary concern for short-term investors and institutional traders alike. The current environment reflects broader uncertainty within the altcoin sector as XRP struggles to establish a stable price floor.