XRP has come under heavy selling pressure, with Brave New Coin reporting a decline of roughly 71% from a prior peak. Despite the drop, the token has managed to hold above the $1 level, a price point widely watched by traders as a psychological support zone.
The report frames the current price action as a test of whether XRP can stabilize after a prolonged slide. A break below $1 would mark a significant technical and psychological setback for holders who have treated that level as a floor. So far, buyers appear to be defending it.
Market participants cited in the report are pointing to oversold conditions on standard technical indicators as a reason to expect a potential bounce. Oversold readings typically suggest that selling has outpaced the underlying pace of price change, which can precede short-term relief rallies even during broader downtrends.
It is important to note that oversold signals do not guarantee a reversal. They simply indicate that an asset has fallen quickly relative to recent trading history. Traders often use these signals alongside other data points, such as trading volume and order book depth, before acting on them.
The scale of the reported decline, a 71% drop, is notable regardless of the near-term outcome. Such a move would place XRP well below levels seen earlier in its recent cycle, raising questions about what triggered the sustained selling. The report does not specify a single catalyst, leaving open the possibility that the decline reflects a combination of broader market weakness and asset-specific factors.
XRP has a long history of sharp price swings, partly tied to its association with Ripple and ongoing developments in the token’s regulatory and adoption story. Large price moves in either direction tend to draw outsized attention from retail traders, given XRP’s substantial holder base and its ranking among the largest cryptocurrencies by market value.
As with any developing market report, readers should treat the described price levels and percentage moves as a snapshot tied to the time of publication. Crypto markets can move quickly, and figures cited in a single report may shift as trading continues.
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.
CoinTurk News EN describes a surge in active XRP Ledger users as a bullish sign, while AMBCrypto, citing Santiment, says the user base has not expanded and blames price weakness on a lack of new users.
What all sources agree on
- XRP was trading close to $1.00-$1.01 at the time of these reports.
- XRP has been in a sustained downtrend for much of 2025-2026, and its price is more than 69-71% below its prior peak.
- XRP's short-term moving averages (10/20/30/50/100/200-period) were positioned above the market price, acting as resistance.
- The 14-period RSI was in the mid-to-high 30s, described by multiple outlets as approaching oversold territory.
- XRP recorded a daily close at or near $1.00 in mid-August, a level not seen since late 2024.
Where the reports disagree
1Whether the XRP Ledger user base is expanding or stagnant
The number of unique users often reached or exceeded 200,000 during recent weeks, remaining consistently above the 100,000 mark for much of the prior month. In effect, active participation on the ledger has not mirrored the recent price correction, underlining a divergence between blockchain activity and market sentiment.
Santiment Intelligence attributed this market weakness to a lack of new users. As such, while network activity has slightly risen, the user base has not expanded at all. Santiment observed that new addresses are flat, holding between 2,260 a day in August versus 2,270 in July.
What would settle it: Santiment's own published on-chain dataset for XRP daily active and new addresses over the period in question.
2The actual level of daily active addresses on the XRP Ledger
Data cited by Ali Martinez shows XRP's daily active addresses rising from 23,642 on August 1 to 43,543 later in the month. That represents an increase of roughly 84%.
daily active addresses have jumped from 26,400 through July to 35,700 in August so far.
What would settle it: The underlying Santiment/XRPL on-chain dataset for daily active addresses over the same dates.
What to make of it
Treat the $1.00-$1.01 price level, the downtrend, and the oversold RSI readings as established across sources; do not treat claims about whether the XRP user base is growing or shrinking as settled, since CoinTurk and AMBCrypto describe the same period in opposite terms and even the raw active-address figures differ between reports.
Market Impact
If XRP's defense of the $1 level holds, it could encourage short-term traders to position for a technical bounce, particularly those following oversold momentum indicators. A failure to hold that level, however, could trigger further stop-loss selling and accelerate downside pressure across the token.
Given XRP's size within the broader cryptocurrency market, sustained weakness or a sharp reversal could also influence sentiment toward other large-cap altcoins. Traders often watch major tokens like XRP as a barometer for risk appetite in the wider digital asset space, meaning its price action could have ripple effects beyond its own market.
For now, XRP's ability to stay above $1 remains the key technical marker traders are watching. Whether oversold conditions translate into a meaningful reversal or merely a pause in the decline will likely become clearer in the sessions ahead.
Frequently Asked Questions
What triggered XRP's reported 71% decline?
The report does not identify a single specific cause. Such declines often reflect a mix of broader crypto market conditions and asset-specific selling pressure.
Why is the $1 level significant for XRP?
The $1 mark is a widely watched psychological support level for XRP, and holding above it is seen by some traders as a sign that selling pressure may be easing.
Does an oversold reading guarantee a price reversal?
No. Oversold signals indicate an asset has fallen sharply relative to recent trading history, but they do not guarantee that a rebound will follow.
Should traders act solely on this report's findings?
No. The figures and price levels described reflect a specific point in time, and crypto markets can shift quickly, so readers should verify current conditions before making decisions.