In XRP news today, Ripple fell as low as $0.99 during the August 12 session, slipping below $1 for the first time since November 2024. The token first crossed $1 on Nov. 16, 2024, before reaching a peak of $3.42 in July 2025. The broader crypto market downturn has since erased much of that advance.
The break below $1 came as derivatives exposure recovered while market-order data continued to favor sellers. That combination highlights the difference between growing leveraged positions and sustained buying pressure in the spot market. As of today (August 17), XRP USD sits right on $1, with investors nervously awaiting its next direction.
Growing tensions across the Middle East could result in a drawdown in crypto, with the $1 level lost and the low $0.90s revisited. CryptoQuant data cited by CryptoSlate showed Binance's seven-day change in XRP open interest moved from about -13% on Aug. 1 to +7.4% by Aug. 11. The reversal indicated that traders were adding leveraged exposure again after reducing it at the start of the month.
CryptoQuant analyst JA Maartunn reported that XRP open interest had increased by another $171M, or +20.5%, in the data he tracked. Rising open interest, however, does not by itself establish whether new positions are bullish or bearish because derivatives contracts have counterparties on both sides. Other measures pointed to continued selling pressure.
Binance's perpetual cumulative volume delta, or CVD, fell from roughly -$251M at the beginning of August to -$349.5M by Aug. 11. CryptoSlate described CVD as a measure of the balance between market-buy and market-sell orders; increasingly negative readings indicate sellers are crossing the spread more aggressively than buyers. Estimated spot CVD across centralized exchanges also deteriorated over the same period, falling from approximately $193M to -$34.3M.
CoinGlass data cited in the report showed XRP's long-to-short account ratio at 0.8432 near the $1 level, with roughly 45.7% of positioned accounts long and 54.3% short. XRP's bearish positioning has developed in a derivatives market that remains smaller than it was earlier in 2026. CoinGlass data showed XRP futures open interest at around $2.69Bn and 24-hour futures turnover near $2.17Bn on the Tuesday covered by the report.
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