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XRP drops 9.3% amid market sell-off, losing $7.8B in value as AI fears and technical breakdown hit crypto.

Market News
06 Nov 2026, 16:50 WIB
Finbold
View Source
Bearish
XRP drops 9.3% amid market sell-off, losing $7.8B in value as AI fears and technical breakdown hit crypto.

XRP experienced a sharp 9.3% decline on November 6, falling from $1.3 to $1.18 and losing about $7.8 billion in market cap amid a broad risk-off move in financial markets. The sell-off was driven by concerns over potential AI regulation, which pressured U.S. equities and spilled into crypto, triggering leveraged liquidations totaling over $1.2 billion. XRP also broke key technical support levels, increasing selling pressure with a 51.7% rise in trading volume. Social sentiment turned bearish, reaching its lowest since July, though some analysts see a potential bullish reversal pattern forming. XRP's near-term outlook depends on holding the $1.1-$1.15 support zone; a break below $1 could lead to further declines.

Following XRP's sharp drop noted in the news, on Pluang, XRP trades at Rp21.364 with a 7.88% decline as of Nov 06, 2026 22:01 WIB. The platform shows a market cap of Rp1.360,98 trillion and a high 24-hour trading volume of Rp59,73 trillion. Sell orders dominate at 66%, reflecting ongoing cautious sentiment among Pluang investors, who typically hold XRP for about 73 days.

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