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XRP drops below $1.30 amid $184M Binance perpetual swap buys, showing speculative trading activity.

Market News
16 Oct 2026
Tokenpost
View Source
Bearish
XRP drops below $1.30 amid $184M Binance perpetual swap buys, showing speculative trading activity.

XRP's price fell below $1.30 following over $184 million in Binance perpetual swap taker buys across several hours, indicating high speculative trading rather than long-term investment. One Binance hourly period saw taker-buy volume exceed $73 million, far surpassing other exchanges like Bybit and OKX. Despite the large derivatives activity, this does not reflect actual cash deposits or net long positions, and XRP later rebounded about 5%. The price movements coincided with recent U.S. inflation data releases but no direct causal link was established.

XRP is trading at Rp23.389 on Pluang, down 2.20% in the past day, with a market cap of Rp1.497,76 trillion and a 62% buy order activity. Meanwhile, BNB is priced at Rp12.965.011, down 0.82%, with a market cap of Rp1.744,67 trillion. These figures are as of Oct 17, 2026 00:01 WIB.

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