XRP Crashes Below $1: 5 Reasons Behind the Drop
$XRP has broken below $1. On Bitstamp, the two-hour candle to 16:00 UTC on August 11 opened at 1.00783, printed a low of 0.99057 and settled at 0.99926. Against the previous daily close of 1.01108, the token was down roughly 1.15%, with the full intraday swing from the session high near 1.0150 measuring about 2.2%.
The percentage move is modest. The level is not. XRP had defended $1 for a stretch measured in hundreds of days, and it broke that floor with the 14-period RSI already oversold at 28.70.
Five distinct pressures converged to produce it.
Why did XRP crash below $1?
In short: ETF demand disappeared, long liquidations forced selling, on-chain activity collapsed, the CLARITY Act catalyst was removed, and macro positioning turned defensive ahead of US inflation data. Each in detail below.
1. ETF demand has evaporated
US spot XRP funds recorded roughly $1.01 million of inflows across August 3 to 7. Bitcoin and Ether products drew hundreds of millions over the same week. Daily net inflows for XRP were zero on both August 7 and August 10.
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