{"id":76662,"date":"2026-08-11T10:37:04","date_gmt":"2026-08-11T10:37:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-slides-3-to-1-as-thin-binance-books-put-0-95-in-play\/"},"modified":"2026-08-11T10:37:04","modified_gmt":"2026-08-11T10:37:04","slug":"xrp-slides-3-to-1-as-thin-binance-books-put-0-95-in-play","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-slides-3-to-1-as-thin-binance-books-put-0-95-in-play\/","title":{"rendered":"XRP Slides 3% to $1 as Thin Binance Books Put $0.95 in Play"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">XRP slipped over 3% to $1 on Bitstamp, hitting a year-to-date low.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">XRP ranked 6th in market cap at $62.8B despite new Ripple expansions.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Analyst Vincent Van Code warned low $68M volume on Binance could spark a drop to $0.95.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Market Cap Drops as XRP Hits YTD Lows<\/h2>\n<p>On Tuesday, XRP led an altcoin tumble, nosediving over 3% amid reports of another institutional investor acquiring Bitwise\u2019s XRP exchange-traded fund. Daily market data show that XRP slipped from $1.04 to $1 by 3:13 a.m. EST, surpassing its previous year-to-date low seen in late June. On Bitstamp, the digital asset appeared on course to break below the $1 threshold for the first time since November 2024.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/ripple\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"ripple market data\"><\/iframe> <\/p>\n<p>Following the slide, XRP\u2019s market capitalization dropped from over $65 billion to $62.8 billion, widening its gap behind the USDC stablecoin, whose market cap stands at $72 billion. Since its Jan. 6 peak of $2.40, XRP has declined nearly 60%, making it <a href=\"https:\/\/news.bitcoin.com\/1-32-to-3-75-nine-top-ai-models-predict-xrps-2026-finish-one-breaks-away\/\">one of the worst-performing high-cap altcoins this year<\/a>.<\/p>\n<p>While <a href=\"https:\/\/news.bitcoin.com\/xrp-bearish-trend-deepens-as-weak-liquidity-and-falling-open-interest-signal-caution\/\">the digital asset\u2019s downtrend<\/a> aligned with that of the broader crypto economy, XRP has seemingly failed to reverse its losses when the market rallies, unlike its peers. This pattern caused it to drop from the No. 3 digital asset\u2014a position attained after reaching an all-time high of $3.66 in July 2025\u2014to the sixth most capitalized.<\/p>\n<p>XRP\u2019s decline has continued even as Ripple, the company behind the XRP Ledger, advances its quest to <a href=\"https:\/\/news.bitcoin.com\/featured\/xrp-gains-major-defi-utility-as-fxrp-unlocks-rlusd-loans\/\">drive widespread adoption of the digital asset<\/a>. <a href=\"https:\/\/news.bitcoin.com\/xrp-gets-major-institutional-boost-as-ripple-becomes-fully-mica-compliant\/\">In its latest announcement<\/a>, Ripple, which secured a crypto asset service provider authorization from Luxembourg, said the regulatory groundwork for its European expansion is in place, and its focus has shifted to scaling.<\/p>\n<p>In addition to Ripple\u2019s activities, XRP continues to gain institutional adoption. Chicago-based hedge fund Wolverine Asset Management is the latest to jump in, with its recent <a href=\"https:\/\/x.com\/Xaif_Crypto\/status\/2087044395954827296\" target=\"_blank\" rel=\"noopener noreferrer\">13F-HR filing revealing a new position<\/a> in the Bitwise XRP ETF.<\/p>\n<p>Despite these developments, some analysts warn that XRP could extend its downward trend. Social media user Vincent Van Code cautioned that thin trading volumes make the asset vulnerable to market manipulation, <a href=\"https:\/\/x.com\/vincent_vancode\/status\/2087082281219617264\" target=\"_blank\" rel=\"noopener noreferrer\">warning of a cascade toward the $0.95 level<\/a>.<\/p>\n<p>\u201c$XRP is about to break the psychological $1 support,\u201d Vincent Van Code wrote, noting that 24-hour trading volume on Binance had dropped to $68 million from over $1 billion. \u201cLots of people opening long positions because they think the bottom is in, and this is ripe for Binance and VIPs to liquidate these positions quite easily with only [a] very small slush fund. Current order books [are] super thin, with only $4M sells triggering [a] drop to 0.95 level, and likely closing out millions in longs.\u201d<\/p>\n<p>The analyst\u2019s sentiment seemingly reflects a broader split across social media where discussions remain polarized. While cautionary posts point to stacked sell walls and thin order books, a resilient segment of retail traders views the sub-$1 region as an accumulation zone, holding out for a technical rebound if key support holds.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/xrp-slides-3-to-1-as-thin-binance-books-put-0-95-in-play\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways XRP slipped over 3% to $1 on Bitstamp, hitting a year-to-date low. XRP ranked 6th in market cap at $62.8B despite new Ripple expansions. Analyst Vincent Van Code warned low $68M volume on Binance could spark a drop to $0.95. Market Cap Drops as XRP Hits [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":76663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76662"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76662"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76663"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}