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XRP plunges 10% to an 11-week low, risking further decline below $1.18 amid crypto market selloff.

Market News
06 Nov 2026, 16:53 WIB
Coinpaper
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Bearish
XRP plunges 10% to an 11-week low, risking further decline below $1.18 amid crypto market selloff.

XRP fell about 10% on November 6, hitting an 11-week low near $1.18 after a failed rebound attempt to $1.35 collapsed amid a broader cryptocurrency selloff. This drop reflects weakening investor sentiment, with XRP losing key support levels and its market cap falling to around $75.3 billion. The outlook depends on whether XRP can hold $1.18; a break below could lead to further declines, especially if Bitcoin continues to fall. Despite the correction, XRP's ecosystem developments, including a recent security upgrade and stablecoin activity, continue progressing.

On Pluang, XRP trades at Rp21,364 as of Nov 06, 2026 22:01 WIB, down 7.88% in the last day. The market cap stands at Rp1.360,98 trillion, reflecting significant investor activity with 66% of orders selling and a typical hold time of 73 days. This data highlights ongoing volatility in XRP amid the recent price drop reported in the news.

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