XRP Trades Near $1 as Thin Liquidity and Large Wallet Movements Draw Attention
XRP fell to $1.0764 on Monday, its lowest level since August 19, and is down 22.5% over 30 days, according to 99Bitcoins. Sources differ on the cause, with one analysis pointing to thin Binance liquidity and another flagging the movement of 139 million XRP by a wallet linked to a past Binance hack.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Price Action and Recent Losses
XRP fell to $1.0764 on Monday, its lowest price since August 19, according to 99Bitcoins. The token now trades roughly 9% above the $1 level, after losing 11% over the prior week, from $1.2508 to $1.1132. That marks a fifth consecutive losing week, and the token is down 22.5% over 30 days, more than twice Bitcoin's 10.1% decline over the same period.
Bitcoinist describes XRP as struggling below $1.40, with selling pressure keeping the price within a range that has resisted recent recovery attempts. The two accounts agree on the direction of the move but cite different price levels, reflecting the timing of each report.
Thin Liquidity on Binance
An analysis cited by Bitcoinist tracks Binance order book conditions and characterizes the current XRP market as among the thinnest since 2020. In that framing, a single large order could move the price disproportionately, which the outlet presents as a structural factor behind the recent weakness. Bitcoinist's reporting on the specific depth figures was not reproduced in the source excerpt available for this piece, so the magnitude of the thinness should be checked against the original analysis.
Large Wallet Movement
99Bitcoins reports that a wallet associated with a past Binance hack moved 139 million XRP. The outlet frames the transfer as a possible source of additional sell pressure, though the source material does not establish where the tokens were sent or whether they were sold. Attribution of the wallet to the hack is as reported by 99Bitcoins and was not independently confirmed in the material reviewed.
Disagreement Between Sources
The two accounts emphasize different causes. Bitcoinist points to market structure and order book depth, while 99Bitcoins points to a specific wallet transfer. Neither source quantifies how much of the decline each factor explains. Readers should treat the liquidity thesis and the wallet-movement thesis as separate claims that both remain unverified in this coverage.
Why It Matters
For Traders
Thin order books and a large wallet transfer could make XRP prices more volatile in the next 24-72 hours, so position sizing deserves attention.
For Investors
Five straight losing weeks and a 22.5% monthly drop relative to Bitcoin's 10.1% signal sustained underperformance that multi-month holders should monitor.
For Builders
Protocols and wallets with XRP exposure should watch Binance liquidity conditions and the 139 million XRP transfer for any effect on settlement or withdrawal flows.
This article is for information only and is not financial advice. Read the full disclaimer.
