David Schwartz, co-creator of the XRP Ledger, reduced his XRP holdings from about 26 million to 3 million, citing low risk tolerance. Meanwhile, XRP's price fell below key support levels, dropping from $1.15 to around $1.05, with weak momentum and a declining market cap. Despite this, large XRP holders (whales) increased their holdings by over 65 million tokens in four days, pushing wallets with over 1 million XRP to a 2026 high. This conflicting behavior highlights uncertainty: insiders are cautious while whales accumulate, making XRP's near-term outlook unclear.
XRP's confidence problem offers context for cryptocurrency market activity. For readers following crypto broadly, here is Pluang's market snapshot as of Nov 12, 2026 01:02 WIB: Out of 50 major cryptocurrencies, 37 rose and 10 fell today. Chainlink (LINK) rose 3.07% to Rp190.430 with 63% buy orders. Ethereum (ETH) gained 2.96% to Rp37.759.801 with 68% buy orders. Dogecoin (DOGE) increased 2.88% to Rp1.249 with 87% buy orders.
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