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XRP risks dropping below $1 amid $2.5 billion surge in selling pressure across spot and futures markets.

Technical Signals
12 Nov 2026, 14:35 WIB
UToday
View Source
Bearish
XRP risks dropping below $1 amid $2.5 billion surge in selling pressure across spot and futures markets.

XRP is facing significant selling pressure, risking a drop below the key $1 level as traders aggressively sell both in spot and futures markets. Data from Cryptoquant reveals a $991 million decline in XRP's perpetual cumulative volume delta (CVD) on Binance and a $2.5 billion increase in selling imbalance in spot markets since late September. This strong selling momentum suggests further price declines, with traders either opening short positions or closing long ones. The ongoing market volatility and weak momentum highlight challenges for XRP's recovery in the near term.

XRP is currently priced at Rp18.839 on Pluang, showing a 1.13% decrease in the last day. Despite the selling pressure noted in the news, Pluang users maintain a strong buy interest with 97% of orders as of Nov 12, 2026 19:44 WIB.

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