XRP Crashes Below $1: 5 Reasons Behind the Drop

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.XRP printed 0.99057 and lost the $1 level it held for months. ETF demand, long liquidations, on-chain decay, CLARITY and CPI all played a part.$XRP has broken below $1. On Bitstamp, the two-hour candle to 16:00 UTC on August 11 opened at 1.00783, printed a low of 0.99057 and settled at 0.99926. Against the previous daily close of 1.01108, the token was down roughly 1.15%, with the full intraday swing from the session high near 1.0150 measuring about 2.2%.XRP Price Crash in USDThe percentage move is modest. The level is not. XRP had defended $1 for a stretch measured in hundreds of days, and it broke that floor with the 14-period RSI already oversold at 28.70.Five distinct pressures converged to produce it.Why did XRP crash below $1?In short: ETF demand disappeared, long liquidations forced selling, on-chain activity collapsed, the CLARITY Act catalyst was removed, and macro positioning turned defensive ahead of US inflation data. Each in detail below.1. ETF demand has evaporated...