Ripple’s XRP token slid about 10% in a rapid selloff, according to a report from Investing.com. The price now sits at $1.16, reflecting a 1.76% decline over the past 24 hours. The move adds pressure to a market already coping with mixed sentiment from Bitcoin and broader equity volatility.
What happened
Investing.com recorded a 10% drop in XRP price during a selloff that unfolded on November 7, 2026. The token’s current level is $1.16, down 1.76% in the last 24 hours, indicating that the broader decline may have begun earlier in the day. The selloff coincided with a modest 0.05% dip in Bitcoin, which traded at $75,847, suggesting that the XRP move was not driven by a universal crypto market correction but by token‑specific factors.
Why it matters for traders
- Liquidity risk: A 10% drop in a short period can tighten order books, making it harder to execute large trades without slippage.
- Position sizing: Traders with leveraged XRP exposure may face margin calls if the price continues to move sharply.
- Correlation signals: The divergence between XRP’s steep decline and Bitcoin’s near‑flat performance may signal token‑specific news or sentiment, prompting a reassessment of cross‑asset hedges.
- Risk management: The selloff underscores the need for stop‑loss orders and real‑time monitoring, especially in volatile altcoin markets.
What to watch next
- Any official statements from Ripple or major exchanges that could explain the price pressure.
- Volume trends for XRP over the next 24 hours to gauge whether the selloff is ending or accelerating.
- Broader market sentiment indicators, such as Bitcoin price stability and equity market movements, which could influence altcoin flows.
- Regulatory developments that may affect XRP’s classification or trading access.
Sources
- XRP Falls 10% In Selloff (Investing.com)
This is a developing story and will be updated as new information is confirmed. For information only, not financial advice. How we report.
