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XRP struggles below $1 despite rising whale activity and increased derivatives, with bridge hack impact ongoing.

Market News
18 Aug 2026
Crypto news
View Source
Bearish
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XRP traded just below $1, slipping 0.4% on Aug 18, despite a 280% surge in large whale transactions and rising derivatives activity on Binance. The price remains under pressure, failing to sustain a rebound above the key $1 level, which now acts as resistance. Meanwhile, the XRP bridge remains halted after a hack stole nearly 199,000 XRP, complicating recovery efforts. Technical indicators show bearish momentum, and XRP must reclaim $1 on a daily close to reduce downside risks and improve short-term prospects.

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