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XRP falls below $1 amid ETF redemptions, whale buyers hold to prevent deeper drop

Market News
13 Nov 2026, 15:01 WIB
Crypto Daily
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Bearish
XRP falls below $1 amid ETF redemptions, whale buyers hold to prevent deeper drop

XRP dropped below the $1 mark following two days of redemptions from US spot ETFs, led by Bitwise and Grayscale. Despite the sell-off pushing XRP into oversold territory and a clear downtrend below its 50- and 200-day moving averages, large holders (whales) are accumulating, providing support against a sharper decline. The key resistance to watch is around $1.20, with potential downside support near $0.63 if the $1 floor breaks. The market remains cautious, with the next moves hinging on whether whale buying can absorb further selling pressure or if fresh ETF outflows trigger a deeper slide.

XRP is trading at Rp18.555 on Pluang, down 0.54% in the last day, with a market cap of Rp1.184,37 trillion. The platform shows a balanced order flow with 56% buying and 44% selling as of Nov 13, 2026 20:22 WIB.

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