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XRP price dips below $1 amid bearish signals and trader skepticism

Market News
16 Aug 2026
Blockonomi
View Source
Bearish
XRP price dips below $1 amid bearish signals and trader skepticism

XRP price fell below the key $1 level, trading near $0.9992 and marking a 72.6% drop from its all-time high of $3.65. Veteran trader Peter Brandt criticized XRP, saying he would convert a hypothetical 500,000 XRP holding to Bitcoin, reflecting bearish sentiment. Market data shows aggressive selling dominance with a taker buy/sell ratio below 1 and declining whale inflows to Binance, though net inflows remain positive. Analysts caution that a clear market bottom is not confirmed, with some predicting potential further downside toward $0.60 based on historical price metrics.

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