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XRP price drops amid rising selling pressure and key US inflation data this week.

Market News
09 Nov 2026, 12:00 WIB
Coingape
View Source
Bearish
XRP price drops amid rising selling pressure and key US inflation data this week.

XRP's price has fallen 12% in the past week due to increased selling pressure and bearish market sentiment. This week, key US economic data releases, including Consumer Price Index (CPI) on November 10 and Producer Price Index (PPI) on November 13, could further influence XRP's price movement. Hawkish speeches from Federal Reserve officials may also drive prices lower, while dovish tones could support a rebound. If bearish trends continue, XRP may drop below $1, but oversold conditions could lead to a recovery later in the week.

XRP trades at Rp19.712 on Pluang as of Nov 09, 2026 17:21 WIB, down 6.28% in one day. The platform shows a market cap of Rp1.255,5 trillion and a 24-hour volume of Rp47,27 trillion. Despite recent selling pressure, 62% of Pluang users are buying XRP, holding it on average for 73 days.

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