FeesSafety
Pluang+

XRP price holds near $1.24 despite major exchanges cutting reserves by 250M tokens.

01 Nov 2026, 12:12 WIB
Blockonomi
View Source
Neutral
XRP price holds near $1.24 despite major exchanges cutting reserves by 250M tokens.

XRP price remained steady near $1.24 after buyers defended the $1.23 support level, even as major exchanges Binance, Bybit, and Bithumb reduced their combined XRP reserves by 250 million tokens between October 28 and 30. Binance's reserves dropped 8.18% to their lowest since December 2022, coinciding with a recent hack and withdrawal suspension, complicating bullish interpretations. Daily technical indicators show buying strength remains weak, with sellers still dominant. Analyst EGRAG CRYPTO outlined potential long-term price targets of $6.80, $16.17, and $31.64, contingent on XRP reclaiming a key monthly moving average and stronger buying momentum.

XRP trades at Rp22.781 on Pluang, up 0.83% as of Nov 01, 2026 17:21 WIB. The market cap stands at Rp1.433,54 trillion with a 24-hour volume of Rp13,7 trillion. Order activity shows 53% selling and 47% buying, with typical hold time of 73 days, indicating balanced but cautious investor behavior.

More News (XRP)

XRP price forecasted to stay between $1.20 and $1.32 through November 2026

XRP price forecasted to stay between $1.20 and $1.32 through November 2026

On November 1, XRP was priced at $1.25, showing a slight 0.55% increase over 24 hours. Analyst Sam Daodu predicts XRP will likely remain within a range of $1.20 to $1.32 until the end of November 2026. A daily close below $1.20 could signal a downsid...

Market News
Neutral
5 hours ago
XRP price dips but strong institutional inflows hint at a potential rebound in November.

XRP price dips but strong institutional inflows hint at a potential rebound in November.

XRP's price recently fell below a key support level following the Binance hack, causing short-term losses. However, institutional interest is rising, with Spot XRP ETFs seeing significant inflows and holdings now representing nearly 2% of circulating...

Bullish
11 hours ago
XRP price dips below 200-day average after Binance reports $6.3B wallet hack

XRP price dips below 200-day average after Binance reports $6.3B wallet hack

XRP traded 1.4% below its 200-day simple moving average on Oct. 30, shortly after Binance announced a $6.3 billion hot wallet hack on Oct. 29. At 8:57 p.m. ET on Oct. 30, XRP was priced at 1.260 USDT compared to its 200-day average of 1.278 USDT. Whi...

Market News
Bearish
14 hours ago
XRP falls below key 200-day moving average amid Binance hack impact but recovery remains possible.

XRP falls below key 200-day moving average amid Binance hack impact but recovery remains possible.

XRP dropped below its 200-day moving average for the first time since August 2026 following the Binance hack, which affected nearly $300 million in XRP and caused a broader crypto market decline. The price fell to $1.19 before a slight rebound, but b...

Market News
Bearish
14 hours ago
Bitcoin leads crypto futures open interest growth, hitting $7.53B with rising long positions.

Bitcoin leads crypto futures open interest growth, hitting $7.53B with rising long positions.

Open interest in crypto perpetual futures rose in four of five major coins as of Oct. 31, led by Bitcoin with $7.53 billion, up 2.47% in 24 hours. Bitcoin's funding rate was positive, indicating longs pay shorts, with 72.1% of accounts holding long p...

Bullish
15 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App