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XRP falls amid Binance security news, accelerating an ongoing technical decline.

Technical Signals
31 Oct 2026, 18:33 WIB
Tokenpost
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Bearish
XRP falls amid Binance security news, accelerating an ongoing technical decline.

XRP's price dropped on October 30 during a broader market sell-off triggered by news of a Binance security incident. Analyst CasiTrades noted that XRP had already been testing a lower trendline since October 24, indicating technical weakness before the news. The Binance-related headline accelerated this decline rather than causing it outright. Additionally, several altcoins are in corrective phases, approaching deeper Fibonacci retracement levels, which are being closely monitored by analysts.

XRP is trading at Rp22.685 on Pluang with a slight 1-day gain of 0.34% as of Oct 31, 2026 22:51 WIB. The market cap stands at Rp1.435,4 trillion, showing sustained investor interest despite recent volatility. Pluang data shows a balanced order activity with 53% buying and 47% selling, and typical hold time is 73 days, indicating moderate-term investor confidence.

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