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XRP price drops 3.4% in one hour amid $8.36M liquidations on major exchanges

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
XRP price drops 3.4% in one hour amid $8.36M liquidations on major exchanges

XRP's price fell 3.40% within an hour to $1.36 on October 8, extending its 24-hour decline to 4.59%. The drop occurred on Binance's XRP/USDT spot market, with significant long liquidations totaling $8.36 million across Binance, Bybit, and OKX, compared to only $30,000 in short liquidations. XRP remains the fifth-largest cryptocurrency by market capitalization at about $88 billion. This sharp decline and liquidation activity highlight increased selling pressure on XRP in the short term.

XRP is trading at Rp24,201 on Pluang as of Oct 08, 2026 22:43 WIB, down 4.96% in the past day. The market cap stands at Rp1,590.05 trillion, reflecting its strong position despite recent volatility. Pluang users show a buy bias with 84% of order activity favoring purchases, and typical holding time is 71 days.

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