The last time XRP (CRYPTO:XRP) closed below $1 was in August 2026, when it ended under that mark for just two days. Following this brief dip, XRP soared to $1.70 within a week. Now XRP is once again below $1, trading at $0.96 currently, after a 5.2% drop in 24 hours and a significant 17.5% decline over the past week, as we covered in why XRP is crashing below $1.
XRP is now 73.7% off its all-time high of $3.65, which was reached on July 17, 2025. It’s also down 47.9% since the start of the year. XRP’s market cap has fallen to $61 billion, but it still holds its spot as the sixth-largest cryptocurrency. Just a day earlier, on November 13, sellers tested the $1 mark, driving the price down to $0.996 before it closed at $1.01.
So, can XRP replicate the same rebound it experienced in August?
XRP Closed Below $1 for Just Two Days in August
XRP’s first dip below $1 happened on August 11, when it hit a low of $0.991 before closing at $1.02. The first close below $1 came on August 14, at $0.999. Buyers quickly pushed the price back above $1, but sellers moved it down to $0.993 on August 16, marking the last daily close under $1.
On August 17, sellers pressured XRP again, dragging it down to $0.987 at one point during the day, but it closed just above $1. Overall, XRP traded below $1 at some point every day from August 13 to August 19, but recorded only two daily closes—on August 14 and August 16—that remained under the mark.
XRP Jumped to $1.70 in a Week, Then Gave Back Its Gains
After the brief dip, buyers returned in full force. By August 19, XRP had climbed to $1.11, then $1.27 on August 20, and $1.45 on August 21. The price shot up to $1.70 during the day on August 22, representing a 71% increase over the August 16 close. Trading volume surged to 558.8 million that day, marking the highest level of activity during the rebound as traders capitalized on the momentum.
XRP continued to rise after the 30-day mark, hitting a high of $1.57 by September 22. However, 90 days after the last close below $1, those gains have vanished, leaving XRP at $0.96, 3.3% lower than its August 16 close.
Before August, XRP’s last extended period below $1 lasted from 2022 until late 2024, while the SEC lawsuit against Ripple kept the cryptocurrency off several major U.S. exchanges for much of that time. XRP regained the $1 mark only after the November 2024 U.S. elections, as we showed in how long XRP takes to recover. With the lawsuit concluded, the events of August offer a more relevant guide to what might happen next.
Bitcoin Was Climbing in August and Is Falling Now
During the August rebound, Bitcoin (CRYPTO:BTC) led the charge. It traded at $62,837 on August 16, climbed to $75,584 by September 15, and eventually reached $82,131 by October 15.
Bitcoin now trades at $65,378, having dropped 16.9% over the past month, as we explained in why Bitcoin is crashing. This decline creates a different scenario for XRP as it tests the $1 mark while the largest cryptocurrency is falling, not rising.
XRP Hit $1 Faster and on Heavier Volume This Time
The August dip occurred on low trading volume, with just 19.6 million traded on August 16. In contrast, XRP’s test of $1 on November 13 saw a volume of 140.1 million. As we noted in what happens if XRP’s $1 support breaks, price drops on high volume typically lead to further declines, while buyers tend to reverse drops on low volume.
This time, XRP fell to $1 much quicker; during the August drop, it had been hovering around $1 since late June. In the current scenario, XRP has dropped 28% within 30 days and is now trading below its 20-day, 50-day, and 200-day moving averages, which stand at $1.20, $1.33, and $1.26, respectively.
Could XRP Bounce Off $1 Like It Did in August?
We think a recovery could be more challenging this time around, especially since Bitcoin was a key driver behind the spike after August 16. Although XRP funds like the Bitwise XRP ETF (NYSEARCA:XRP) brought in just $5.8 million in August, XRP still rose to $1.70 once Bitcoin began to climb. Therefore, XRP’s next move will likely depend on Bitcoin finding some stability.
How long might XRP stay below $1 this time? If Bitcoin stabilizes and selling pressure decreases, XRP might regain the $1 mark as it did on August 17. If heavy selling persists, traders could start focusing on $0.90 (6.3% lower) and $0.80 (16.7% lower). The swift rebound from August also faded once Bitcoin’s upward trend halted, making a return to the previous high of $3.65 appear distant unless Bitcoin turns bullish first.
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Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.
