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XRP drops 14% after $40M in long positions liquidated, risking a fall below $1 support level.

Market News
09 Nov 2026, 21:33 WIB
BeInCrypto
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Bearish
XRP drops 14% after $40M in long positions liquidated, risking a fall below $1 support level.

XRP has fallen for five consecutive days, losing about 14% after nearly $40 million in leveraged long positions were liquidated on November 8. This forced selling has increased fears that XRP could drop below its critical $1 support level, with a technical pattern suggesting a potential decline to $0.86 if $1 fails to hold. Despite some brief recoveries, selling pressure remains strong, and the large open interest in XRP futures leaves further leveraged positions vulnerable. The next key levels to watch are $1 for support and $1.14 for signs of easing selling pressure.

XRP is trading at Rp19,807 on Pluang, down 4.99% in the past day, with a market cap of Rp1.252,33 trillion. Selling activity is slightly lower than buying at 46% sell versus 54% buy, and typical holders keep XRP for about 73 days. These figures are as of Nov 10, 2026, 03:02 WIB.

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