XRP briefly slipped below the $1 psychological level on Aug. 11, even as XRP Ledger activity reached 1.39 million transactions.
The headline transaction count overstates direct payment demand: 928,521 transactions were offers created, compared with 301,226 payments.
XRP’s immediate outlook hinges on reclaiming the $1.05 to $1.10 zone, while sustained trading below $1 could reopen deeper downside risk.
XRP briefly fell below $1 (a period low of $0.9923) on Aug. 11 before recovering toward $1.01, creating a sharp disconnect between the token’s price and activity on the XRP Ledger.
XRPSCAN data for the day showed 1.39 million transactions, including 1.19 million successful transactions, 301,226 payments and 973 newly created accounts. The network was processing roughly 30.5 transactions per second, with 8,297 active accounts.
At first glance, those numbers appear bullish. But a closer breakdown explains why strong network throughput failed to stop XRP from losing $1.
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67% of XRPL Transactions Were Offers, Not Payments
The biggest distinction is the composition of XRP Ledger activity.
Of the 1.39 million transactions, 928,521 were classified as offers created, representing roughly 67% of total activity. Payments accounted for only about 22%.
Offers on XRPL are orders submitted to its native decentralized exchange. High offer activity can reflect active trading, liquidity management and market making, but it does not necessarily mean users are buying XRP or that fresh capital is entering the token.
XRPSCAN tracks transaction types separately, allowing ledger activity to include payments, trading offers, account changes and other operations rather than treating every transaction as a value transfer.
That is the key reason network activity and XRP price can move in opposite directions. A busy ledger demonstrates usage, but XRP still needs net buying pressure on exchanges and investment products to push its market price higher.
Why Did XRP Fall Below $1?
The first pressure came from the wider crypto market.
Bitcoin fell back below $64,000 on Tuesday as renewed US-Iran tensions weakened risk appetite. Higher oil prices also revived inflation concerns ahead of important US inflation releases, creating a difficult backdrop for speculative assets.
XRP has also entered August with weaker institutional momentum. In July, US XRP ETF desks recorded zero flows on 10 of 17 trading days, leaving fewer persistent institutional buyers supporting the market.
The technical setup compounds that weakness. The $1 to $1.05 area has repeatedly acted as XRP’s principal support zone, while previous attempts to recover have struggled around $1.09 to $1.10.
The temporary break below $1 therefore reflects price-side demand weakening faster than network usage.
XRP Price Outlook: What Happens After $1 Breaks?
The immediate question is whether the move below $1 becomes a sustained breakdown or another liquidity sweep followed by recovery.
A quick reclaim of $1.05, followed by a move above roughly $1.09 to $1.10, would improve the short-term structure and suggest buyers absorbed the sub-$1 selling. Those levels previously acted as important resistance after earlier XRP declines.
The bearish scenario is a sustained daily close below the $0.95 to $1.00 support region. Previous technical assessments have identified $0.90 and then $0.80 as areas that could return to focus if the broader $1 support structure fails.
Neither outcome is guaranteed. For XRPL’s 1.39 million daily transactions to become meaningfully bullish for XRP price, the stronger confirmation would be more payment activity, new account growth and renewed institutional or spot demand, rather than transaction count alone.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Dr. Guneet Kaur is a senior editor at CCN.com and a Science Fellow at Exponential Science. She is a fintech and blockchain expert with extensive experience in digital finance education, blockchain ecosystems, and cryptocurrency markets. She has worked with global media such as Cointelegraph, as well as education and blockchain platforms, to design and lead strategic content and learning initiatives. As an educator and assessor for top-tier executive programs, she bridges real-world fintech trends with academic insight.
Dr. Kaur is also a published researcher and peer reviewer across fintech and data science journals, including Financial Innovation Journal and International Journal of Big Data Intelligence and Applications. Her work spans data-driven analysis, Web3 innovation, and technical content development. With a strong foundation in both industry and academia, she translates complex financial technologies into practical applications, empowering learners, professionals, and institutions across the rapidly evolving digital finance landscape.
