XRP falls to its weakest level since November 2024 as $1 comes under pressure

Ripple's $XRP is trading at around $1.00, its weakest level since November 2024, as selling pressure across the broader crypto market intensifies. The token is down roughly 71% from its July 2025 record high of $3.65, and the $1.00 mark, long treated as a key psychological floor, is now firmly in focus.

Trading volume climbed 22% to $1.33 billion on the day the level was tested, a sign that the price point is drawing attention from both buyers and sellers. $XRP led the decline among major cryptocurrencies, falling to around $1 and reaching its lowest level since November 2024.

Bitcoin Unable to Hold $65,000

The weakness in $XRP is not happening in isolation. Ripple's XRP and Ethereum led the slide across cryptocurrencies in early morning trade on Tuesday after Bitcoin's fourth failed attempt to hold above the $65,000 mark. $BTC is now trading near $63,500, unable to establish a foothold above resistance despite multiple attempts this year.

Analysts have identified $65,300 to $65,500 as the immediate resistance range for Bitcoin, arguing the asset needs a sustained close above $65,000 to restore upward momentum. The rebound from a session low has stalled well short of that level, with a Glassnode market pulse report attributing the failure to weak spot demand and persistent net selling.

What Comes Next for XRP

The stakes around the $1.00 level are significant. Below $1, XRP would fall into a price range where very few coins have ever changed hands. Cost-basis records show almost nobody bought XRP between $0.80 and $1.00, meaning a break through that zone finds few holders with reason to defend it.

XRP is now the worst year-to-date performer in the entire top 10 by market capitalisation, down 43.94% since January. Beyond technicals, broader market catalysts remain uncertain. Whether the CLARITY Act receives a Senate floor date in September is seen as the single largest binary catalyst on XRP's calendar, while analysts note that no meaningful altcoin recovery is likely without Bitcoin first reclaiming $65,500 and then $68,500.

For now, the $1.00 level remains the line in the sand. A confirmed close below it would mark a significant deterioration in sentiment and could open the door to further losses.

Sources:
Stocktwits: XRP Price Drops to Lowest Level Since 2024
Invezz: Bitcoin Falls After $65,000 Rejection
24/7 Wall St: How Low Will XRP Drop if the CLARITY Act Doesn't Pass?