XRP Price Falls Below $1 as Crypto Markets Experience Broader Pullback

XRP's price fell below $1 for the first time in two years as part of a broader pullback across crypto markets. The token touched a low of nearly $0.99 on August 11 before rebounding to about $1.02.

This move shows wider pressure across crypto markets rather than anything specific to XRP itself, with its total market value falling roughly 29% over the past three months, according to data.

Despite the price drop, ownership data points to a different trend beneath the surface. Wallets with at least 1 million XRP added 32 new addresses during the recent dip, indicating that some large holders were buying as smaller retail investors sold.