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Crypto

XRP Slips Below $1 Amid Bearish Positioning and Deteriorating Market Conditions

Guavy AI Editorial Team
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BNB XRP
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XRP's price has slipped below $1 for the first time since Donald Trump won the US presidential election in November 2024. The digital asset fell as low as $0.99 during the session, its weakest level since then.

The move unwinds one of XRP's most important thresholds from its post-election rally. The token first crossed $1 on Nov. 16, 2024, before accelerating to a peak of $3.42 in July 2025.

Leverage returns as XRP traders lean bearish, with CryptoQuant data showing Binance's seven-day change in XRP open interest swinging from -13% on Aug. 1 to 7.4% by Aug. 11, a reversal of more than 20 percentage points.

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