XRP Price Falls Below $1 Again Despite Record Network Adoption

XRP price slipped below $1 again in the past 24 hours, despite record adoption metrics across the XRP Ledger (XRPL). The altcoin is currently testing a level it defended for years.

The breakdown complicates a thesis built almost entirely on institutional demand and network growth.

What the Price Action Actually Shows

A psychological support level is a round number that traders defend collectively, often regardless of underlying fundamentals. XRP has held above $1 for 635 consecutive days.

The streak ended on August 11. The token printed $0.9915, its first move below the level since November 2024. Each return to that zone carries weight. Repeated tests suggest sellers keep probing for weakness beneath a floor that once looked solid.

The symbolism cut deeper than the arithmetic. At the recent low, XRP briefly traded below RLUSD, Ripple's own dollar stablecoin. Technical levels now define the range.

Analysts identify $0.70 to $0.90 as the next support, with a broader zone extending toward $0.86 if selling accelerates.

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