XRP News: Ripple Drops to $1 as Bears Take Control
In XRP news today, Ripple fell as low as $0.99 during the August 12 session, slipping below $1 for the first time since November 2024. The token first crossed $1 on Nov. 16, 2024, before reaching a peak of $3.42 in July 2025. The broader crypto market downturn has since erased much of that advance.
The break below $1 came as derivatives exposure recovered while market-order data continued to favor sellers. That combination highlights the difference between growing leveraged positions and sustained buying pressure in the spot market.
As of today (August 17), XRP USD sits right on $1, with investors nervously awaiting its next direction. Growing tensions across the Middle East could result in a drawdown in crypto, with the $1 level lost and the low $0.90s revisited.
XRP News: Leverage Rebuilds as Order Flow Favors Sellers
CryptoQuant data cited by CryptoSlate showed Binanceโs seven-day change in XRP open interest moved from about -13% on Aug. 1 to +7.4% by Aug. 11. The reversal indicated that traders were adding leveraged exposure again after reducing it at the start of the month.
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