XRP Dips Under $1 as Binance Open Interest Jumps and Rumor Claims Get Debunked

XRP dipped below the $1 level, trading around $0.98 and hitting its lowest level since November 2024, according to market reporting published Aug. 18, 2026. Another report said XRP was hovering near the psychologically important $1 area as it continues to test that boundary in the second half of 2026 ^{[1] [2]}.

Derivatives activity on Binance rose as XRP open interest reached $461.3 million, a two-month high, with derivatives exposure reportedly up about 28% from early August. The same coverage said higher open interest can increase the potential for volatility around key price levels and pointed to funding rates and long-versus-short positioning as indicators to watch ^[3].

Separately, XRP rumor claims circulating online included references to a $16 trillion figure and assertions involving DTCC participation. One report cautioned that while some elements may have partial roots, the broader claims exceed what its authors said is supported by available evidence ^[4].