XRP (XRP) has fallen back below $1 after 635 consecutive days above this level, even as adoption of the XRP Ledger reaches record levels, with $4.06 billion in tokenized real-world assets.

Key points:

  • XRP slipped below $1 on August 11, ending a streak of 635 days above $1.

  • Real-world assets on the XRP Ledger reached approximately $4.06B, after an increase of about $2.5B over six months.

  • Institutional settlements can be made without XRP, undermining the idea that ledger adoption automatically goes hand in hand with demand for the token.

XRP price breakdown

For the first time, XRP fell below $1 on August 11, hitting $0.9915 and breaking a 635-day streak above this psychological threshold—first time since November 2024. The level remains under strong pressure.

Buyers will need to reclaim the $1.03 zone to improve the short-term setup, while analysts identify $0.70 to $0.90 as the next support area, after a brief period of XRP trading below Ripple’s RLUSD stablecoin (RLUSD).

According to SoSoValue, spot XRP products listed in the United States attracted only $3.27 million as of the report date in August, which is about 88% less than the $27.29 million recorded in July. Price support is not keeping pace with adoption.

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The XRP adoption gap

The bullish scenario depends above all on use of the network: Aviva Investors, which manages $351 billion, launched a tokenized fund on the XRP Ledger, while real-world assets on-chain reached nearly $4.06 billion, after rising by about $2.5 billion over six months.

For Lark Davis, “the relationship between the token and the network remains truly unresolved,” a controversy intensified by a monthly RSI at its most extreme level in 12 years. Santiment also reports 32 new wallets holding at least 1 million XRP over the last three months.

At the same time, Ripple closed 10 major institutional deals in 2026 using RLUSD instead of XRP, while Standard Chartered targets XRP at $2.80 and analyst Ali Martinez expects a potential pullback to $0.62.

After its 2018 peak, the token lost 95% of its value over the following two years, and it is currently trading about 72.5% below its July 2025 record. These extreme moves put the $1 threshold test into a historical perspective.

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