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Flare co-founder urges XRP holders to focus beyond Ripple amid price drop; analyst still eyes $10 target.

Market News
11 Nov 2026, 22:49 WIB
Zycrypto
View Source
Neutral
Flare co-founder urges XRP holders to focus beyond Ripple amid price drop; analyst still eyes $10 target.

Flare co-founder Hugo Philion urged the XRP community to look beyond Ripple's corporate actions and focus on expanding XRP's utility to strengthen its long-term value. Despite XRP's 51% price drop over the past year to around $1.10, Philion emphasized building financial applications and use cases, highlighting Flare's role in this effort. Meanwhile, technical analyst Dark Defender remains bullish, maintaining a $10 price target for XRP based on his chart analysis, despite the recent price weakness. Achieving this target would require an over 800% price increase, reflecting significant optimism about XRP's future potential.

While XRP has faced a steep 51% drop over the past year, on Pluang it trades at Rp19.253 with a modest 0.42% gain as of Nov 12, 2026 04:02 WIB. This price is well below its potential $10 target noted by analysts, but the strong buy interest on Pluang, with 97% of orders favoring purchases and a typical hold time of 73 days, suggests continued confidence among retail investors. The market cap stands at Rp1.219,95 trillion, highlighting XRP's significant presence despite recent volatility.

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