XRP slipped below $1 this weekend for the first time since November 2024, touching around $0.89 as the broader crypto sell-off claimed another major asset. The move makes XRP below $1 the headline of a brutal 48 hours that also pushed bitcoin to a three-month low and erased close to $232 billion from total crypto market value in a single day.
How far has XRP fallen?
XRP traded as low as $0.89 – a level last seen in early November 2024 – before clawing back toward $0.97. That puts the token roughly 80% below its cycle highs and confirms what CoinDesk described simply as money leaving crypto across the complex. Ethereum dipped under $2,000, Solana changed hands near $71, and bitcoin broke below $63,000, so no major asset escaped the flush.
Why XRP is falling
Three forces are doing the damage. First, institutional flows: US-listed XRP ETFs saw about $19.13 million in net outflows last week – the largest redemption since March 2026. Second, macro pressure – expectations of another Fed rate hike and a dollar index near a 19-month high are pulling risk assets lower, crypto included. Third, evaporating liquidity: combined USDT and USDC supply has fallen to $244 billion, the lowest since September 2025, thinning the books just as selling accelerates.
Sentiment instruments match the mood – the Crypto Fear & Greed Index sits at 10, deep in extreme fear territory, while total market cap has dropped about 9.7% in 24 hours to near $2.16 trillion.
What XRP traders are watching
The immediate question is whether XRP can reclaim and hold $1. Below that, market structure offers little until the 2024 breakout zone; above it, a reclaim would need broader risk appetite to turn, which in turn hinges on bitcoin stabilizing after its own slide and on fresh rate-path signals from the Fed.
ETF flows remain the cleanest institutional tell – last week’s $19 million exit was notable precisely because XRP had been an exception to the outflow trend for much of the fall. One week doesn’t make a trend; neither does a single wick below a round number. But for a token built on community conviction, watching $1 turn from support into resistance is the kind of chart event that focuses minds.
Sources: CoinDesk, SoSoValue, Coinglass.
