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XRP price falls to $1.06 amid high leveraged long bets and Binance attacker wallet emptying

Market News
11 Nov 2026, 09:14 WIB
CryptoTicker
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Neutral
XRP price falls to $1.06 amid high leveraged long bets and Binance attacker wallet emptying

XRP's price dropped 30% from $1.52 to around $1.06 between early October and mid-November 2026, driven by broader market pressure and significant outflows from US spot ETFs. Despite the price decline, leveraged traders continue to hold long positions, paying high funding rates, indicating crowded optimism. Meanwhile, the Binance attacker has emptied their last untouched wallet, transferring over 200 million stolen XRP since early November. The futures market's positive funding rate suggests a lack of price floor, with potential forced liquidations if prices fall below $1.03. The outlook depends on whether ETF inflows resume and long positions unwind, with key price levels at $1.00 (weak case), $1.03-$1.10 (base case), and $1.16 (strong case).

XRP is trading at Rp19,074 on Pluang as of Nov 11, 2026 14:21 WIB, down 4.34% in the last day, which contrasts with the article's mention of a 30% drop over a longer period. Despite this decline, XRP maintains a strong market cap of Rp1,222.52 trillion and a high 24-hour trading volume of Rp48.75 trillion. The Pluang order activity shows a slight buying bias at 56%, indicating ongoing interest even as the price nears the lower end of its recent range.

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