XRP has dropped below the $1 mark, according to a report from CryptoBriefing published on August 11, 2026. The outlet described the move as the token’s first close under that level in nearly two years.
XRP has long been treated by traders as a bellwether for sentiment around payment-focused digital assets. Its price history includes sharp rallies tied to regulatory developments involving Ripple, the company closely associated with the token, as well as periods of extended sideways trading. A drop below $1 represents a break of a level that had served as informal support for an extended stretch.
The report did not detail the specific catalysts behind the latest decline. Broader crypto markets have experienced periods of volatility tied to macroeconomic conditions, shifting risk appetite, and regulatory developments across major jurisdictions. Any of these factors, alone or combined, can weigh on tokens like XRP that carry large circulating supplies and significant retail participation.
Because XRP ranks among the most widely held cryptocurrencies, moves of this kind tend to draw outsized attention from retail investors and market commentators. A sustained break below a long-held price threshold often prompts renewed debate over support and resistance levels among traders who track technical patterns.
It is worth noting that this development has, at the time of writing, been reported by a single outlet. Readers should treat the specific timing and framing as preliminary until additional reporting or exchange data confirms the details. Price levels across exchanges can also vary slightly depending on the trading pair and platform used for measurement.
Ripple’s ongoing legal and business developments have historically influenced XRP’s price behavior more than broader market trends at times. Any statements from the company, or updates on its regulatory standing, could factor into how the market interprets this latest price move. Traders will likely watch for confirmation of the sub-$1 level across multiple exchanges and data providers in the coming days.
Sources disagree on this story
This article was published before the reports below were compared. The reporting above stands; what follows is where the published accounts do not agree.
CryptoBriefing and CoinTurk News EN both report XRP dipping below $1 on August 11 but disagree on when the token last traded at that level.
What all sources agree on
- XRP fell below $1 on August 11.
- The decline followed an exploit of Coreum's XRPL bridge.
- Approximately 200,000 XRP was drained from the Coreum bridge.
Where the reports disagree
1When XRP last traded below $1 before this event
XRP briefly fell below $1 on August 11, a price level the token hasn’t touched since January 2024.
The XRP token, associated with Ripple Labs, slipped under the $1 mark today for the first time since November 2024.
What would settle it: Historical XRP/USD price data from an exchange or market data provider (e.g., Binance, CoinMarketCap) showing the last date XRP closed or traded below $1 prior to August 11.
What to make of it
Treat the August 11 drop below $1 and the Coreum bridge exploit as established; the claim about how long XRP had stayed above $1 before this — roughly two years versus about nine months — is contested and unresolved.
Market Impact
A break below $1 could prompt short-term selling pressure if traders interpret the move as a breakdown of technical support. Momentum-driven strategies often accelerate declines once a widely watched psychological level gives way, though the extent of any follow-through remains uncertain based on available reporting.
Because XRP carries a large market capitalization relative to many altcoins, sustained weakness could also weigh on sentiment across the broader altcoin sector. Conversely, if the drop proves brief, some traders may view the dip as a buying opportunity, given XRP's history of sharp rebounds following notable price declines.
The reported drop below $1 marks a significant technical shift for XRP after nearly two years above that level. Further confirmation from additional market data and exchange reporting will help clarify whether the move reflects a lasting trend or a temporary dip.
Frequently Asked Questions
When did XRP last trade below $1?
According to CryptoBriefing's report, XRP had not traded below $1 in nearly two years before this latest decline.
What caused XRP to fall below $1?
The specific catalysts were not detailed in available reporting, though broader crypto market volatility and macroeconomic conditions are commonly cited factors affecting large-cap tokens.
Does this price move relate to Ripple's legal situation?
No direct link to Ripple's regulatory or legal status was cited in the report, though XRP's price has historically reacted to news involving the company.
Is the sub-$1 price level confirmed across all exchanges?
The report reflects data from a single source at the time of writing, so readers should watch for confirmation across additional exchanges and market trackers.