XRP experienced a $30 million liquidation cascade over five days, trapping its price at $1.1799. This was triggered by a sudden price reversal after initial optimism, causing a long squeeze where overleveraged buyers were forced to close positions, especially on Binance. The technical outlook is bearish, with XRP below key moving averages and near a critical support level at $1.1588, risking further liquidations if broken. Traders should watch this level closely as another drop could accelerate the downtrend.
XRP is trading at Rp20.906 on Pluang as of Nov 07, 2026 11:21 WIB, showing a 1-day decline of 3.88%. The platform records a significant market cap of Rp1.328,39 trillion and a 24-hour trading volume of Rp43,81 trillion. Despite the recent liquidation cascade mentioned in the news, Pluang users currently show a strong buy interest with 68% of order activity favoring purchases.
XRP has experienced 11 consecutive red three-day candles, which analyst EGRAG CRYPTO sees as a possible turning point in its price trend. The analysis uses Heikin Ashi candles to smooth out short-term price fluctuations and highlights key price level...
A recent chart analysis of XRP indicates it is in a phase called manipulation, following an initial expansion phase. This pattern resembles an earlier rally phase, which some traders interpret as a bullish sign. However, this is a technical reading a...
The Binance Scarcity Index for XRP has reached its highest level since 2022, indicating fewer XRP tokens are available for trading on the exchange. On November 4, Binance experienced a significant withdrawal of 418.5 million XRP tokens, marking its l...
On November 4, Binance recorded an outflow of 418.5 million XRP tokens, the largest single-day withdrawal in about nine months, valued at approximately $540 million. This outflow surpassed a previous large withdrawal of 315 million XRP on October 29....
The XRP Ledger's native lending system proposal has reached 60% validator approval, with 21 out of 35 validators supporting it. This upgrade, known as XLS-66, would enable fixed-term loans on-chain using pooled digital assets, expanding XRPL's use be...
