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XRP whales buy the dip amid 18% price drop, but relentless selling pressures price to $1.08, risking further decline.

Technical Signals
10 Nov 2026, 05:00 WIB
AMBCrypto
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Bearish
XRP whales buy the dip amid 18% price drop, but relentless selling pressures price to $1.08, risking further decline.

XRP experienced an 18% price drop from $1.32 to $1.08 over four days starting November 5, with whales accumulating 16.46 million tokens during the dip. Despite heavy buying, relentless selling pushed XRP below key support levels, including the 4-hour descending channel floor and the $1.14-$1.16 range. Whale inflows to Binance hit the highest daily level since early 2024, signaling potential for more selling pressure. The critical $0.986 swing low from August now stands as a key level to watch for a possible recovery, but caution is advised as bearish sentiment persists.

Following the recent whale accumulation and price drop in XRP, the token continues to show cautious trading behavior on Pluang. As of November 10, 2026, 10:21 WIB, XRP trades at Rp19.879 with a slight 0.60% decrease over the past day. Market participants remain active with a 24-hour volume of Rp49,02 trillion and a balanced order activity leaning slightly towards buying at 54%.

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