XRP Price Prediction: XRP Hits Its Lowest Level Since 2024 as Three Separate Pressures Land at Once
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XRP fell below $1 on August 12 for the first time since November 2024, touching lows near $0.99 with the Bollinger Band lower boundary around $1.0025 and analyst targets at $1.0537 (bull) and $0.95 (bear). A Coreum‑XRP bridge exploit on August 9 drained ~200,000 XRP and halted the bridge, raising crypto bridge and DeFi security concerns, while Santiment notes 32 new wallets holding over 1M XRP in three months despite a 29% market cap decline, signaling mixed token performance and adoption signals.
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- XRP broke below $1 on August 12 for the first time since November 2024, with the Bollinger Band lower boundary at $1.0025 as the last technical floor
- The Coreum-XRP bridge was drained of 200,000 XRP on August 9 through a relayer logic flaw, with the bridge now halted
- Large XRP wallets holding over 1M XRP grew by 32 in three months despite a 29% market cap decline, per Santiment
The XRP price prediction points to $1.0537 on the bullish side and $0.95 on the bearish side, with XRP breaking below $1 for the first time since November 2024 after touching a low of $0.99.
XRP Price Analysis: $1 Breaks as the Bollinger Band Becomes the Last Floor
XRP broke the $1 psychological floor that had held since November 2024, with today’s session printing a low of $1.016 before recovering to $1.0189. The Bollinger Band lower boundary at…
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