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XRP tests $1.15 support amid a 7% weekly drop, with inflation data eyed for next market move.

Market News
08 Nov 2026, 20:53 WIB
Coinpaper
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Bearish
XRP tests $1.15 support amid a 7% weekly drop, with inflation data eyed for next market move.

XRP has fallen about 7% this week, trading near a critical support level of $1.15 after failing to hold gains above $1.35 earlier. The cryptocurrency faces bearish technical signals and could drop further to $1.10 if it breaks below $1.15. Institutional interest via spot XRP ETFs has stalled, showing no new inflows despite $1.81 billion in historical demand. Investors are closely watching the upcoming U.S. inflation report on November 10, which could influence Federal Reserve policy and impact XRP's price direction.

XRP's price is currently testing the $1.15 support level amid a recent 7% weekly decline. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 09, 2026 01:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 8 rose and 40 fell today. Notable movers include EGLD at Rp53.931 with a 1-day change of -5.11% and 100% buy order activity, FIL at Rp13.839 down 4.75% with 84% sell orders, and XTZ at Rp4.567 down 4.32% with 90% sell orders.

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