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Ripple moves 200M XRP ahead of XRPL privacy upgrade, Bitcoin dips on US jobs data.

Market News
08 Oct 2026
UToday
View Source
Bearish
Ripple moves 200M XRP ahead of XRPL privacy upgrade, Bitcoin dips on US jobs data.

Ripple transferred 200 million XRP between its own addresses and sent 20 million XRP to a new address as it prepares for the XRPL's PermissionDelegationV1_1 upgrade, enabling better privacy and role delegation without exposing master keys. Meanwhile, Bitcoin fell to $82,165 amid US job data signaling a stable labor market, causing risk asset sell-offs and $395.78 million in liquidations. The crypto market faces pressure from regulatory demands and macroeconomic factors, but Ripple's infrastructure and institutional expansion continue, including new custody services and upcoming Nasdaq fund launches.

As of Oct 08, 2026 21:02 WIB, XRP trades at Rp25.043, down 2.32% in one day, contrasting with Bitcoin's higher price of Rp1.470.983.037 but smaller 1-day drop of 1.16% on Pluang. XRP's market cap of Rp1.577,14T is much lower than Bitcoin's Rp29.671,14T, while XRP's 24-hour volume of Rp53,18T is also far below Bitcoin's Rp591,94T. This shows XRP's price and trading activity remain more volatile and less dominant compared to Bitcoin on the platform.

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