XRP Plunges Below $1 Amid Technical Damage
XRP has been trading at $0.9956, down -0.3% over the past 24 hours after swinging between $0.9897 and $1.0044. The token's 635-session streak of closing above $1 was nearly snapped twice this month, and today's print puts it right back on the edge.
A bridge exploit that drained roughly $200,000 via a connection between the TX Chain and XRP Ledger briefly pushed XRP under $1 on August 11 and again on August 14. Buyers stepped in both times before the daily close, but the technical damage lingers: XRP's 50-day EMA now sits below its 200-day EMA, confirming sellers have controlled the short to medium-term trend for weeks.
Meanwhile, Wall Street posted a completely different Monday, with the S&P 500 and Nasdaq hovering near highs on AI-driven momentum. A divergence that's left crypto looking increasingly isolated from broader risk appetite.