XRP Falls 3% to $1; Thin Binance Liquidity Risks $0.95

XRP dropped more than 3% to $1 on Bitstamp on Tuesday, marking a year-to-date low and reducing the token’s market capitalization to about $62.8 billion. The decline extended XRP’s fall to roughly 60% from its Jan. 6 peak of $2.40 and left the asset sixth by market value.

By 3:13 a.m. EST the token moved from $1.04 to $1 on Bitstamp and appeared set to test the $1 threshold for the first time since November 2024. XRP’s market cap slipped from above $65 billion, increasing the gap with the USDC stablecoin, which stands near $72 billion.

Ripple, the company behind the XRP Ledger, has continued international expansion while the price has weakened. Ripple recently received a crypto-asset service provider authorization in Luxembourg and said it is preparing to scale operations in Europe. Institutional interest in XRP has also shown movement: Chicago-based Wolverine Asset Management disclosed a new position in the Bitwise XRP exchange-traded fund in a 13F-HR filing.

Market participants flagged low liquidity on Binance as a key short-term risk. Social media analyst Vincent Van Code wrote that 24-hour trading volume on Binance fell to about $68 million from more than $1 billion, and described current order books as fragile. He estimated that roughly $4 million in sell pressure could push the price to $0.95 and trigger liquidations of long positions.

Other traders said the sub-$1 price area could be an accumulation zone if support holds, citing ongoing ETF inflows and Ripple’s regulatory progress as factors that could attract buying interest.

XRP reached an all-time high of $3.66 in July 2025 and briefly ranked third by market capitalization. The token’s recent underperformance relative to some large-cap peers has kept its market position at sixth despite renewed institutional filings and regulatory approvals.