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XRP falls 12% in a week as Ripple news piles up

XRP is down 12% over the past week while trading volumes jumped 180%. Ripple's XRP Ledger lending feature is due a repayment fix, and former CTO David Schwartz addressed his influence on the price.

Illustration: A lone figure stands on a rainy night street under glowing cyan and magenta light, facing a large empty glass booth that holds a single glowing coin, as if the blame has nowhere to land.
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The price of XRP has dropped 12% over the week leading up to November 9. The fall comes ahead of several macro events this week that could affect how crypto assets perform. Macro events are broad economic releases or decisions.

The decline has added to selling pressure. Trading volumes have risen by 180%.

XRP$1.03down −24.49%over 1 month
$1.37$1.0314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

Analyst Ali Martinez has pointed to a technical pattern, a descending channel, in the XRP chart. He believes it could offer a rebound toward $1.30 if buyers recover important support levels. Support levels are prices where buying has tended to slow a fall.

Illustration: Close view of a dark server rack in a quiet data hall, with a thin cyan light running along linked cables and one small panel glowing magenta, suggesting a lending feature waiting for a repair.
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Ripple's former chief technology officer, David Schwartz, rejected claims that he is to blame for XRP's weak price. He said his influence on the price is minimal but not entirely nonexistent.

Separately, the lending feature on the XRP Ledger is set to receive a fix to how repayments work.

$1,000 in XRP

Had you put $ into XRP a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

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