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XRP may have bottomed near $1 but Binance hack-linked tokens could pressure price further.

Analyst Insights
05 Nov 2026, 05:37 WIB
Tokenpost
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Neutral
XRP may have bottomed near $1 but Binance hack-linked tokens could pressure price further.

Crypto commentator Virtual Bacon suggests XRP's price may have bottomed near $1, revising his downside target to $1.10 from $1.20. However, he warns that XRP tokens linked to the Binance hack could enter the market, adding selling pressure since these tokens cannot be frozen. He also notes a 95% chance of a bull run for XRP, Ether, and Solana if Bitcoin rallies, but altcoins might struggle if Bitcoin remains stagnant.

Following Virtual Bacon's commentary on XRP's price potential, XRP is currently trading at Rp23.917 on Pluang, up 5.00% as of Nov 05, 2026 10:41 WIB. Bitcoin, which could influence altcoin movements including XRP, is priced at Rp1.464.500.245 with a 5.85% gain. Solana also shows strength, trading at Rp1.760.558 with a 6.24% increase, reflecting active market interest in these key cryptocurrencies.

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