XRP Falls to $0.96, Down 17.5% in a Week, as Traders Eye August Rebound
XRP slipped to $0.96 after a 17.5% weekly drop. The last time it closed under $1, in August 2026, it jumped 71% to $1.70 within a week, then gave it all back. Bitcoin's direction now looks like the deciding factor.
XRP is trading at $0.96 after a 5.2% drop in 24 hours, and what XRP did the last time it fell below $1 is the obvious comparison for traders. In August 2026 the token closed under that mark for only two days, then surged 71% to $1.70 within a week.
The token has lost 17.5% over the past week. It is now 73.7% below its all-time high of $3.65, set on July 17, 2025, and down 47.9% since the start of the year.
XRP's market cap has fallen to $61 billion. It still ranks as the sixth-largest cryptocurrency.
How August played out
XRP first dipped under $1 on August 11, hitting a low of $0.991 before closing at $1.02. Its first close below $1 came on August 14, at $0.999. Buyers pushed it back above the mark, but sellers dragged it to $0.993 on August 16, the last daily close under $1.
On August 17, XRP fell to $0.987 at one point but closed just above $1. It traded below $1 at some point every day from August 13 to August 19, yet recorded only two closes beneath it.
Then buyers returned. XRP reached $1.11 on August 19, $1.27 on August 20 and $1.45 on August 21. On August 22 it hit $1.70 during the day, 71% above the August 16 close. Volume peaked at 558.8 million that day.
The gains did not last. XRP reached a high of $1.57 on September 22, but 90 days after the last close below $1 it stood at $0.96, 3.3% below the August 16 close.
Why this time looks different
Bitcoin led the August rebound. It traded at $62,837 on August 16, climbed to $75,584 by September 15 and reached $82,131 by October 15.
Now Bitcoin sits at $65,378, down 16.9% over the past month. XRP is testing $1 while the largest cryptocurrency falls rather than rises, so its next move likely depends on Bitcoin stabilizing.
Selling is also heavier. On November 13, sellers tested the $1 mark, pushing XRP to $0.996 before it closed at $1.01. Volume that day was about 140 million, against about 20 million in August. XRP also trades below its key moving averages.
Before August, XRP's last extended stretch below $1 ran from 2022 until late 2024. The SEC lawsuit against Ripple kept the token off several major U.S. exchanges for much of that time. XRP regained $1 only after the November 2024 U.S. elections. With the lawsuit concluded, the August episode is the more relevant guide.
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