XRP Tumbles Over 70% as Analysts Watch for Relief Bounce at Critical $1 Level

XRP has lost over 70% of its value since reaching an all-time high of $3.66 in July 2025, dropping to around $1 by August 2026.

The token is now testing the crucial $1 level, a major psychological and technical area that could signal a potential reversal.

Some analysts are optimistic about a relief bounce due to oversold conditions, with weekly RSI showing early bullish confirmation. However, trend-following indicators continue to favor sellers, and the broader trend remains bearish.

XRP's on-chain activity has strengthened in August, with daily active addresses averaging 35,700 versus 26,400 in July, indicating renewed engagement from the network.