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XRP falls below key 200-day moving average amid Binance hack impact but recovery remains possible.

Market News
01 Nov 2026, 03:01 WIB
UToday
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Bearish
XRP falls below key 200-day moving average amid Binance hack impact but recovery remains possible.

XRP dropped below its 200-day moving average for the first time since August 2026 following the Binance hack, which affected nearly $300 million in XRP and caused a broader crypto market decline. The price fell to $1.19 before a slight rebound, but bulls have yet to regain control above this key technical level. Investors are watching weekly support levels closely, with potential downside targets at $1 or $0.98 if support breaks, or a recovery toward $1.70 if support holds. Binance has allocated $6.34 billion to back major cryptocurrencies including XRP, which may support future price stability.

Following the recent XRP price drop below its 200-day moving average, XRP on Pluang trades at Rp22.672 with a slight 0.57% decrease as of Nov 01, 2026 07:21 WIB. Market activity shows a near balance with 53% sell orders and 47% buy orders, while the typical hold time is 73 days. Binance Coin (BNB) also shows a modest decline of 0.67%, priced at Rp12.745.674, reflecting cautious sentiment among investors on the platform.

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