XRP Price Drops Below $1 as Whale Transactions Rise
XRP's price slipped below $1 on Tuesday, August 18, as whale transactions and derivatives activity showed an increase but failed to produce a sustained price recovery.
The token traded near $0.996, down 0.4% daily and 1.2% over seven days overall.
Large XRP Ledger transactions above $1 million reportedly increased by 280%, but the direction of these transactions remains unclear.
Binance's open interest in XRP rose while the spot price weakened, raising concerns about liquidation risks without confirming market direction.