TLDR
XRP (XRP) has fallen to around $1, briefly slipping below it and marking roughly a 21?month low amid broader crypto weakness and mixed fundamental signals.
- XRP dropped to about $0.99$1, its lowest level since November 2024, making it one of the weakest large caps in the current pullback.
- The move is tied to Bitcoins rejection near $65,000, macro headwinds, regulatory delays, heavy ETF and exchange flows, and a persistent token supply overhang.
- Near term, the key levels are $1.00 and the $0.95$0.97 zone, while ETF flows, XRP reserves on exchanges and upcoming CPI and legislation will shape the next trend.
Deep Dive
1. Price And Magnitude
Multiple reports note XRP trading around $1 and briefly dipping to about $0.99, the first break below $1 since November 2024, with some calling it a 21?month low.
Coverage from U.Today says Binance data showed an intraday low of $0.99 on 11 Aug 2026, confirming that the psychologically important $1 threshold was lost intraday for the first time since late 2024.
Over 2026, XRP is down roughly 4050 percent and has underperformed Bitcoin, with articles citing a drawdown of about 31 percent versus BTC despite remaining the sixth?largest crypto by market cap.
Confidence: high because independent market news sources agree on the timing, levels and relative underperformance.
2. Drivers Behind The Drop
The selloff is partly macro driven. As Bitcoin failed several times to hold above 6465 thousand dollars, large caps including XRP followed lower, as detailed in market updates. Stronger US dollar and rising Treasury yields are also flagged as weighing on risk assets.
Regulatory and structural factors matter. Delays around the US CLARITY Act and lingering uncertainty from the Ripple litigation remedies phase are cited as suppressing institutional appetite, while XRPs large issuer?controlled stash is repeatedly described as an overhang.
Flows and positioning reinforce the downside. One filing shows a major XRP trust selling over 100 million XRP in the first half of 2026, while exchange data highlights rising XRP reserves on Binance, indicating more tokens parked for potential sale and deeply bearish sentiment.
The move is not just random volatility; it reflects a mix of macro risk?off, regulatory fog and supply dynamics that can keep rallies fragile until something in that mix improves.
3. What To Watch Next
Technically, analysts focus on $1 as first support. Recent commentary suggests that a sustained loss of $1 could open tests of roughly $0.95$0.97, while any recovery effort likely needs a strong reclaim of the $1.05$1.10 area with rising volume.
On the structural side, watch ETF and exchange flows. Renewed net inflows into spot XRP products or a fall in exchange reserves would signal reduced sell pressure, whereas continued trust selling or growing reserves would argue for more downside risk.
Finally, ecosystem and policy catalysts matter. XRPL upgrades aimed at institutional privacy and tokenization, plus eventual regulatory clarity in the US and continued MiCA?based progress in Europe, could slowly shift the narrative if matched by sustained demand for XRP itself.
Conclusion
XRPs slide to a 21?month low around $1 reflects a convergence of macro risk?off, regulatory uncertainty and heavy supply and flow pressures rather than a single shock. For crypto users, the next move will likely hinge on whether $1 holds as support and whether institutional flows and policy developments begin to align with Ripples technical and business progress.
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