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XRP drops 23.4% amid suspected market manipulation and ETF outflows totaling $18M.

Market News
12 Nov 2026, 02:27 WIB
Tokenpost
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Bearish
XRP drops 23.4% amid suspected market manipulation and ETF outflows totaling $18M.

XRP's price fell 23.4% from November 4 to November 10, with market manipulation cited as a 50% probable cause. Other factors include leveraged long liquidations and weak buying demand (30%), and selling by early holders shifting to other assets (20%). U.S. spot XRP ETFs saw net outflows of $18.04 million over two days, reflecting investor caution. This decline outpaced similar drops in Ether, Solana, and Bitcoin, highlighting XRP's vulnerability to market dynamics and investor sentiment.

XRP trades at Rp19.140 on Pluang with a slight 1-day gain of 0.28% as of Nov 12, 2026 07:41 WIB, showing some stability after its recent drop. Solana and Bitcoin are also up, with Solana at Rp1.515.709 (+0.49%) and Bitcoin at Rp1.343.380.596 (+1.04%). Despite the article's focus on XRP's decline, Pluang data indicates ongoing buying interest with 97% buy orders for XRP and a typical hold time of 73 days.

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