{
  "id": 1724550,
  "title": "XRP Falls Below $1 For First Time Since 2024",
  "url": "https://urgent.news/2026/08/18/xrp-falls-below-1-for-first-time-since-2024",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T13:59:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/xrp-falls-below-1-first-135900489.html"
  },
  "original_language": "en",
  "account": "XRP, a digital currency associated with the payments company Ripple, has fallen below the $1 mark for the first time since November 2024. The cryptocurrency's price plummeted to $0.98, marking the lowest point since that time. This decline comes as Ripple announced its third partnership in Korea with Jeonbuk Bank. The bank will now offer Ripple's payment services for cross-border transfers. MEXC, a trading platform, reported a shift towards AI storage for traditional finance trading, with futures volume for SNDK multiplying by more than 15 times. Meanwhile, Polymarket hired a former Uber executive to lead a growth initiative. Hyperliquid, a trading platform, is exploring the U.S. perpetual futures market through the CFTC. Canadian defense tech firm landed a 92% jump in shares as government revenue bolstered margins. MEXC also confirmed through its August 2026 Proof of Reserves that user assets are fully backed, with reserve ratios staying above 100%. Despite Ripple's growing list of partnerships, XRP's price remains stagnant. The cryptocurrency has been descending amid the ongoing \"crypto winter\" since October 2025. XRP once traded above $3 a year ago but has been slipping lower in recent months, dropping below $1 on August 18. However, there are indications that Wall Street sees a potential recovery in XRP's price. Professional traders are placing bets that the price will rise in the weeks and months ahead. Futures markets show $2.78 billion worth of options contracts on XRP, with predictions of price increase outnumbering those predicting a decline by roughly three-to-one. XRP aims to facilitate fast and inexpensive global money transfers, with XRP Ledger transactions typically settling in under five seconds and costing less than a penny to execute.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}