![\"XRP\"](\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/08\/0x0.jpg\")
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ILLUSTRATION – 11 August 2025, Baden-W\u00fcrttemberg, Rottweil: The cryptocurrency XRP can be seen on the display of an iPhone in the crypto trading platform Koingecko. Photo: Silas Stein\/dpa (Photo by Silas Stein\/picture alliance via Getty Images)<\/p>\n
dpa\/picture alliance via Getty Images<\/p>\n
“XRP just went below $1,” the crypto account @cometwtf wrote on X<\/a> on August 11. “The first time this has happened since 2024.” Ripple’s token printed $0.9915 at 14:00 UTC that day on Binance, about 72% below the $3.65 record it set on July 17, 2025.<\/p>\n ‘$XRP Needs To Stay Above $1’<\/p>\n “$XRP needs to stay above $1 otherwise things could get real ugly if it breaks $1 support,” the trader @XRPcryptowolf posted<\/a> on August 7, four days early.<\/p>\n “$XRP drops below $1 for the first time since Nov 2024 and it’s not looking good,” wrote<\/a> another holder, @Finnajith, on August 12. The last daily close under a dollar was $0.8922, on November 15, 2024.<\/p>\n “$XRP just fell below $1 for the first time since November 2024,” the trader @Yuriy_Biko posted<\/a> nine minutes before that. XRP changed hands at $1.006 on August 13.<\/p>\n At the August 11 low it was worth less than RLUSD, Ripple\u2019s own dollar stablecoin. I had flagged $1 as the level to watch in April<\/a>.<\/p>\n ‘Not Currently Fully Backed’<\/p>\n “The bridge between the TX Chain and XRP Ledger (XRPL) was exploited due to a bug in the XRPL relayer logic combined with the XRPL DefaultRipple feature,” said TX, the company behind the Coreum chain, in a statement. The attacker never sent any XRP.<\/p>\n He moved a token between two wallets he controlled and attached a deposit memo. Twenty-eight relayers running identical code read it as money arriving.<\/p>\n “Other bridged assets remain fully backed, while bridged XRP currently lacks complete reserve backing,” TX said. Ninety-four payments went out over 97 minutes on August 9, and the bridge wallet fell from 200,410 XRP to 493.5.<\/p>\n “The bridge has been halted, the vulnerability has been identified, and all potential remedies are being evaluated,” the company said. It had passed internal and third-party audits before deployment, and has filed a complaint with the FBI.<\/p>\n Thinner books “could allow comparatively small sell orders to move the market,” the XRP developer Vincent Van Code told CryptoSlate. The theft was worth about $200,000. XRP is a $63 billion asset.<\/p>\n ‘Everything Comes Down To $1.06’<\/p>\n “Everything comes down to $1.06 for [$XRP],” the analyst Ali Martinez wrote on X on August 3. The level broke three days later.<\/p>\n “Hold it, and bulls can target $1.35 and $1.64,” Martinez wrote. “Lose it, and the path opens toward $0.80 and potentially $0.62.”<\/p>\n “This is not simply a correction after a strong run,” Daniel Francis wrote in an August 6 analysis for Coinspeaker, after the seven US spot XRP funds took $27.29 million in July against the $666 million they gathered in their first month. “It is a structural question about whether the 2026 XRP bull thesis, built on ETF inflows, regulatory clarity, and institutional adoption, can survive contact with the data now available.”<\/p>\n “The analytical question is no longer whether sellers are exhausted,” Francis wrote. “It is whether buyers return before the $1 floor gives way on thin volume.” Inflows in the week to August 8 came to $1.01 million, down 93%.<\/p>\n ‘Absorb A Growing Share’<\/p>\n “Bridge currencies like XRP weren’t actually designed to provide returns for investors,” Anthony Di Pizio wrote in an August 13 analysis for The Motley Fool. “There is a good chance that stablecoins will absorb a growing share of transaction volume over time because of their more favorable qualities.”<\/p>\n XRP lost 95% in the two years after its 2018 peak. “If the recent decline matches the magnitude of the post-2018 plunge, then XRP could eventually fall to around $0.18 per token,” Di Pizio wrote.<\/p>\n ‘The Ultimate Buying Opportunity’<\/p>\n “Larger $XRP holders are accumulating through weakness, not panic selling. That’s a classic accumulation signal,” @XRPcryptowolf posted<\/a> on August 12. “The $XRP community won’t ever give up. They’re here for $5.89 and so much more.”<\/p>\n Standard Chartered still carries $28 for 2030, six months after Geoff Kendrick cut the bank’s 2026 target from $8 to $2.80<\/a>. “XRP consolidates above $1 as the US Senate stalls the Clarity Act for September leaving the market to wonder if the $1 $XRP zone is the ultimate buying opportunity,” @XRPcryptowolf wrote<\/a> on August 8, with Polymarket putting the bill’s 2026 odds at 20%.<\/p>\n