XRP Drops Below $1, Ending 635-Day Streak Above the Level

The streak that ended

XRP had held above $1 for 635 consecutive days before the streak broke on August 11. The drop to $0.9915 marks the first time the token has traded below the round number in roughly nine months. The move also put XRP under RLUSD, the stablecoin Ripple launched to handle institutional settlements — a symbolic crossover that didn't go unnoticed.

Analysts now point to $0.70 to $0.90 as the next support zone, with a broader band extending toward $0.86 if selling accelerates. Below that, the picture gets uglier. Ali Martinez, an analyst tracking the token, flags downside risk toward $0.62.

Why momentum has faded

The breakdown comes as money flows into XRP-linked products dry up. Spot product net inflows totaled $3.27 million in August, down roughly 88% from $27.29 million in July, according to SoSoValue data. That's a sharp reversal for a market that had been absorbing steady inflows through the summer.

Technical signals aren't helping either. The monthly relative strength index for XRP hit its most extreme reading in twelve years — deeper than the pandemic crash or the 2018 bear market. That kind of oversold condition can precede a bounce, but it can also reflect a market that hasn't found its floor yet.

There's also the question of what Ripple's institutional deals mean for XRP itself. The company's ten major institutional agreements during 2026 all settled in RLUSD rather than XRP. That's a sign the stablecoin is doing the job Ripple designed it for, but it also means those transactions aren't creating buy pressure for XRP.

The other side of the ledger

Not everything is pointing down. Aviva Investors, which manages $351 billion, launched a tokenized fund on the XRP Ledger with approval from the Central Bank of Ireland. It's a notable endorsement of the network from a major asset manager, even if it doesn't directly move XRP's price.

Real-world assets on the XRP Ledger sit near $4.06 billion, after adding roughly $2.5 billion over six months. And Santiment recorded 32 new wallets holding at least 1 million XRP over three months — though the firm notes single entities can control multiple addresses, so the whale count isn't a clean signal.

What the charts say next

Standard Chartered maintains a $2.80 price target for XRP, a level that would require a rally of more than 180% from current prices. Martinez's $0.62 downside case is the bearish counterweight. The token has been here before: it lost 95% of its value in the two years following its 2018 peak, and it currently trades roughly 72.5% below its July 2025 record.

The immediate test is whether the $0.70 to $0.90 zone holds. If it doesn't, the next stop is $0.86, and then the conversation shifts to whether $0.62 is in play. Traders will be watching whether the extreme RSI reading flips into a relief rally or deepens into another leg down.

XRP fell below $1 in the past 24 hours, ending a 635-day streak above that level and testing a floor it had defended for years. The token printed $0.9915, its first move under $1 since November 2024, and at the recent low it briefly traded below RLUSD, Ripple's own dollar stablecoin.

The streak that ended

XRP had held above $1 for 635 consecutive days before the streak broke on August 11. The drop to $0.9915 is the first time the token has traded below the round number since November 2024. The move also put XRP under RLUSD, the stablecoin Ripple built for institutional settlements — a symbolic crossover that didn't go unnoticed.

Analysts now point to $0.70 to $0.90 as the next support zone, with a broader band extending toward $0.86 if selling accelerates. Below that, the picture gets uglier. Ali Martinez, an analyst tracking the token, flags downside risk toward $0.62.

Why momentum has faded

The breakdown comes as money flows into XRP-linked products dry up. Spot product net inflows totaled $3.27 million in August, down roughly 88% from $27.29 million in July, according to SoSoValue data. That's a sharp reversal for a market that had been absorbing steady inflows through the summer.

Technical signals aren't helping either. The monthly relative strength index for XRP hit its most extreme reading in twelve years — deeper than the pandemic crash or the 2018 bear market. That kind of oversold condition can precede a bounce, but it can also reflect a market that hasn't found its floor yet.

There's also the question of what Ripple's institutional deals mean for XRP itself. The company's ten major institutional agreements during 2026 all settled in RLUSD rather than XRP. That's a sign the stablecoin is doing the job Ripple designed it for, but it also means those transactions aren't creating buy pressure for XRP.

The other side of the ledger

Not everything is pointing down. Aviva Investors, which manages $351 billion, launched a tokenized fund on the XRP Ledger with approval from the Central Bank of Ireland. It's a notable endorsement of the network from a major asset manager, even if it doesn't directly move XRP's price.

Real-world assets on the XRP Ledger sit near $4.06 billion, after adding roughly $2.5 billion over six months. And Santiment recorded 32 new wallets holding at least 1 million XRP over three months — though the firm notes single entities can control multiple addresses, so the whale count isn't a clean signal.

What the charts say next

Standard Chartered maintains a $2.80 price target for XRP, a level that would require roughly a 180% rally from current prices. Martinez's $0.62 downside case is the bearish counterweight. The token has been here before: it lost 95% of its value in the two years following its 2018 peak, and it currently trades roughly 72.5% below its July 2025 record.

The immediate test is whether the $0.70 to $0.90 zone holds. If it doesn't, the next stop is $0.86, and then the conversation shifts to whether $0.62 is in play. Traders will be watching whether the extreme RSI reading flips into a relief rally or deepens into another leg down.