XRP Drops 8% This Week: Can Bulls Defend Support?

XRP has pulled back from around $1.47 down to about $1.35 over the last seven days. This downward slide tracks a broader cooling trend across the digital asset market, leaving traders wondering if the token can hold its current ground.

Market participants are now turning their attention to upcoming political milestones. Investors are closely watching for next week's Senate vote on the Clarity Act, which could bring fresh regulatory direction to the industry and impact major tokens.

Traders should keep a close eye on these crucial support levels in the coming days. If the broader market stabilizes, XRP might find the momentum it needs to bounce back toward previous highs.