XRP Crashes Below $1, Risks Another 50% Decline Amid Liquidity Shortage

XRP's price has fallen below $1 to hit its lowest point since November 2024, sparking concerns of another significant decline.

The token is currently trading at $1.0077 after experiencing a 0.1% drop today, August 14. This break below the key psychological and technical support level of $1 has triggered strong bearish alarms in the market.

The crypto market's liquidity shortage is partly to blame for XRP's decline, along with its own lack of buying support and increasing selling pressure.

The Grayscale XRP Trust ETF sold over 70 million XRP in the first half of 2026, cashing out more than $180 million, which has directly increased market selling pressure.