XRP fell through the $1 threshold late Friday U.S. time and extended losses into Saturday, posting a daily low of $0.998 — its weakest print since November 2024. The move arrived one day after U.S. spot XRP exchange-traded funds marked their first anniversary, highlighting soft risk appetite across major cryptocurrencies.
Price action accelerated into the weekend as XRP briefly touched an intraday low near $0.99. The catalyst appeared to be a broader risk-off sweep that also pressured market leaders and triggered rapid deleveraging across derivatives venues.
Why did XRP break below $1?
A market-wide flush pushed XRP under $1, with rapid deleveraging compounding the slide. Analysts tallied over $330 million in liquidations in a two-hour window as risk assets lurched lower, and Bitcoin fell under $67,000. Against that backdrop, XRP’s long-watched $1 level gave way and momentum carried prices to a $0.998 daily low.
The breach followed several sessions of tight trading around $1, where buyers had repeatedly defended the round-number level. Once that support failed late Friday U.S. time, downside orders stacked below the figure were triggered, deepening the decline into Saturday. The episode underscores how spot moves can cascade when derivatives positioning is crowded and liquidity thins into the weekend.
Event | Level / Amount | Timing / Context |
|---|
XRP loses $1 support | Sub-$1 | Late Friday U.S. time |
Saturday daily low | $0.998 | Lowest since Nov 2024 |
Intraday trough | ~$0.99 | Saturday session |
Derivatives liquidations | $330M+ | Two hours during market flush |
Bitcoin drawdown | < $67,000 | Concurrent with XRP slide |
How does this move fit into XRP’s recent history?
Saturday’s $0.998 daily low marks the weakest reading since mid-November 2024, before a post-election advance ultimately carried XRP to $3.65 in July 2025. The latest break underlines how quickly sentiment can pivot from large-cap resilience to broad-based risk reduction when macro or market structure stressors hit liquidity and positioning.
Psychological round numbers often concentrate orders and options strikes, which can magnify volatility once they fail. XRP’s multiple tests of the $1 area during the week set up a decisive move when support finally cracked, translating incremental selling into a sharper downdraft as stops and margin calls cascaded across venues.
What should investors watch next?
Stability above or below $1 will likely steer near-term momentum, with flows into and out of spot XRP ETFs offering a read on institutional risk appetite after their first anniversary. Broader crypto conditions also matter: if Bitcoin remains below $67,000 and liquidations persist, pressure on XRP could continue until leverage normalizes.
Conversely, a swift retrace back above $1 with shrinking liquidations would suggest the latest flush was positioning-driven rather than a shift in longer-term conviction. Traders will track weekend liquidity, gap risks into the new week, and whether the next daily candle confirms or negates the sub-$1 breakdown.
For now, the combination of a $0.998 daily low, a brief ~$0.99 intraday print, and more than $330 million in rapid liquidations paints a market snapshot defined by thin liquidity, elevated leverage, and fragile support levels across cryptocurrency majors.
