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XRP price drop takes token below $1.185, a low not seen since August

XRP price drop takes token below $1.185, a low not seen since August

by | Nov 6, 2026 | Market Analysis

XRP fell below $1.185 on Friday for the first time since the August 22 crash, CryptoPotato reported. The outlet said the XRP price drop followed a rise to $1.35 about 36 hours earlier.

The decline left XRP down 9.5% over 24 hours, the worst performance among the 30 largest altcoins, according to CryptoPotato. The outlet also reported a broader crypto selloff and suggested weak XRP exchange-traded fund activity may have contributed to the decline or failed to support a rebound.

XRP price drop and earlier trading ranges

CryptoPotato reported that XRP lost support at $1.30 and then fell through $1.20. Its account placed the move in the context of a wider retreat in crypto prices after XRP had climbed to $1.35 alongside the market.

An earlier reference point came on Wednesday evening, November 4, when XRP traded at $1.30, according to CoinGecko data cited by CryptoTicker. The publication said that price matched the token's 20-day average. It also put the 200-day average at $1.27 and the 50-day average at $1.39.

CryptoTicker described XRP as having remained between $1.24 and $1.34 after that Wednesday reference point. CryptoPotato's account of the XRP price drop, by contrast, included a move to $1.35 and a subsequent fall below $1.20. The accounts describe different ranges, and their precise observation windows are not established in the available reporting.

XRP performance against Bitcoin

CryptoPotato reported that Bitcoin was rejected at $81,000 before falling to $75,000, with most altcoins following it lower. The outlet identified the market-wide decline as the most evident reason for XRP's losses, while reporting that XRP had fallen more sharply than its largest altcoin peers over 24 hours.

CryptoTicker examined XRP's performance against Bitcoin as well as its dollar price. It reported that XRP had slipped from roughly 1,757 satoshi to 1,630 satoshi, a decline of 7.2%. Over the preceding 90 days, the publication said, XRP had traded between 1,548 and 1,956 satoshi.

In the earlier period assessed by CryptoTicker, XRP had lost 13.4% over 30 days, compared with Bitcoin's 6.6% decline. The publication said XRP's dollar price had recovered with the market without a corresponding recovery in the Bitcoin ratio. In its assessment, that relative weakness indicated XRP was following the market rather than leading it.

ETF activity and holder data

CryptoPotato suggested that ETF activity could help explain the XRP price drop or the lack of a sustained rebound. The outlet said XRP funds had been among the few with positive results in October but began November with little or no demand. It did not establish ETF activity as the cause of the price decline.

Citing SoSoValue data, CryptoPotato reported a slightly negative day for the funds on Monday, followed by no activity on Tuesday, Wednesday or Thursday. That account describes the start of November separately from the outlet's report of the funds' positive October performance.

Analyst Ali Martinez pointed to different data concerning token holders, according to CryptoPotato. The outlet said he reported withdrawals of more than 13 million XRP from exchanges and an increase of 60 million coins in whale holdings over one week. Martinez viewed the two measures as indicating greater interest from large holders, CryptoPotato reported.

CryptoTicker reported that Deribit had about 15.2 million XRP in calls against 4.0 million in puts for November 27. For December 25, the corresponding figures were 25.5 million and 15.8 million. The publication said bets on rising prices outweighed hedges, while cautioning that single large positions can strongly affect the picture in a market smaller than Bitcoin's.

The $1.28 level in Martinez's forecast

Before the reported XRP price drop, Martinez had predicted a large move when the token was trading at $1.25, according to CryptoPotato. The outlet also reported his forecast that a close above resistance at $1.28 could open the way to substantial gains. His forecast concerned a closing price above that level.

CryptoPotato subsequently reported the advance to $1.35 and the losses through $1.30 and $1.20. It also described a later post by Martinez as more bullish, citing his observations on exchange withdrawals and whale holdings. Those observations were distinct from his earlier conditional forecast based on the $1.28 level.

CryptoTicker placed weight on the comparison with Bitcoin when assessing XRP's outlook. The publication argued that a rise in the wider market tends to lift XRP too, while its performance against Bitcoin offers a measure of whether investors favor XRP specifically. Its reported ratio of about 1,630 satoshi was near the lower end of the 90-day range it cited.

Conclusion

CryptoPotato reported that XRP fell below $1.185 for the first time since the August 22 crash and lost 9.5% over 24 hours. It linked the decline to a wider crypto selloff and raised weak ETF activity as a possible contributing factor, without establishing it as the cause. CryptoTicker's earlier account described a higher trading range and examined XRP's weakness against Bitcoin. The next dated options figures cited by CryptoTicker are for November 27, with about 15.2 million XRP in calls against 4.0 million in puts on Deribit.

Frequently Asked Questions

Why did the XRP price fall below $1.185?

CryptoPotato identified a wider crypto market decline as the most evident reason for XRP's fall below $1.185. It reported that Bitcoin dropped from $81,000 to $75,000 and said weak XRP ETF activity may also have contributed to the decline or failed to sustain a rebound. The outlet did not establish ETF activity as the cause.

How much did XRP fall in 24 hours on Friday?

CryptoPotato reported that XRP declined 9.5% over 24 hours, making it the poorest performer among the 30 largest altcoins on that measure. The outlet also said XRP had climbed to $1.35 about 36 hours earlier before losing support at $1.30 and then $1.20.

What did Ali Martinez say about XRP and $1.28?

According to CryptoPotato, analyst Ali Martinez predicted that a close above resistance at $1.28 could lead to major gains. The outlet also reported that he had forecast a large move when XRP was at $1.25. His later assessment cited exchange withdrawals and an increase in whale holdings as signs of interest from large holders.

How did XRP perform against Bitcoin before the drop?

CryptoTicker reported that XRP fell from about 1,757 satoshi to 1,630 satoshi, a 7.2% decline against Bitcoin. It said XRP had traded between 1,548 and 1,956 satoshi over the preceding 90 days. The publication viewed the Bitcoin comparison as a measure of whether investors favored XRP relative to the wider market.

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Ethereum Economic Zone tests cross-chain trade at Devcon

Ethereum Economic Zone tests cross-chain trade at Devcon

by | Nov 6, 2026 | Ethereum

The Ethereum Economic Zone team demonstrated a cross-chain trade at Devcon on November 4, using an order signed on the experimental Rollup X network, Crypto News reported. A CoW Swap solver filled the order using Ethereum mainnet liquidity, and the purchased tokens arrived on the rollup, the outlet said.

The Ethereum Economic Zone design aims to let contracts on participating rollups and mainnet call one another within a single transaction, according to Crypto Briefing. The outlet reported that, if those calls complete together, applications could use liquidity on other networks without requiring users to move it first.

Gnosis is targeting spring 2027 to make the design its default, a move that would bring it to a network with existing users and applications, according to Crypto News. Crypto Briefing said the move would make Gnosis Chain the first major live network to test the framework under real economic activity.

Ethereum Economic Zone trading routes

The demonstration addressed a problem that can arise even when applications on individual networks work correctly, Crypto News reported. A trader may hold funds where a market for the desired pair is shallow, while better execution is available on another chain, the outlet said.

In the Ethereum Economic Zone example, the trader authorized an outcome while the solver found an execution path, according to Crypto News. The publication reported that the user did not have to choose a pool or prepare a separate transaction for every operation, while liquidity remained on mainnet and the purchased assets returned to Rollup X.

Crypto Briefing reported that more than 20 rollups collectively held about $40 billion in total value locked as of October 2026. The outlet described composability, or the ability of applications to connect with one another, as one of Ethereum's original selling points.

A solver must select where to fill an order, account for fees and submit the necessary operations, Crypto News reported. Even for the same token pair, the useful route can change during the day as liquidity and network costs shift, the outlet said.

According to Crypto News, a comparison of routes would use the same order size, token pair and time window, then measure the price after fees against a local swap or a separate-step bridge route. The outlet reported that reverting asset movements can prevent a trader from being left with only one leg of a failed trade, although an application or solver may still incur costs.

Proofs and settlement

Gnosis describes two requirements for networks joining the Ethereum Economic Zone design: they must produce proofs within an Ethereum slot and follow Ethereum if it reorganizes, according to Crypto News. Ethereum's slot lasts 12 seconds, and the conditions leave some implementation decisions to individual networks, the outlet reported.

A contract relying on an outcome from another chain needs evidence about that chain's state when the result is needed, Crypto News reported. If a network cannot produce the required proof within the available time, the other side cannot rely on it in the same window, the outlet said.

The reorganization condition addresses changes to recent Ethereum history, according to Crypto News. If a transaction on another network relied on an event in a mainnet block that is later replaced, the connected system needs rules for handling that dependent transaction, the publication reported.

Crypto News distinguished coordinated execution, which concerns whether steps can complete together, from final settlement, which concerns when participants can treat the outcome as settled under the networks' rules. The outlet reported that a wallet could show the operation in one view and separately indicate whether the transaction has merely been included or has attained the settlement status required by a business.

Treasury permissions and verification

The November 4 Ethereum Economic Zone demonstrations also tested treasury permissions across networks using a Safe wallet, according to Crypto News. The outlet reported that a treasury using separate accounts on different chains can face a delay between removing a signer on one network and updating permissions elsewhere.

In the Safe example, a rollup verified an ownership change made on mainnet within the same transaction, Crypto News reported. A team might also want signers on one network to approve an operation affecting assets on another, the outlet said.

According to Crypto News, another demonstration checked a Falcon post-quantum signature on the rollup, then relied on that check to authorize a transfer on mainnet. The outlet said the team reported 91% lower gas use for that signature-verification example, while total execution and settlement costs would also need consideration in a production application.

Wallet records would also need to distinguish an expired order from a transaction awaiting settlement, Crypto News reported. The outlet said a trader weighing another order during a market move needs to know whether the original order remains executable.

From devnet to live network

Gnosis and Zisk introduced the project publicly at EthCC in the spring with support from the Ethereum Foundation, Crypto News reported. The outlet said the original proposition addressed liquidity and applications distributed across different layer 2 networks.

The team began with an October transaction involving 0.001 ETH and a rollup-state update, according to Crypto News. The November demonstrations gave developers more varied workloads to try, including trading, ownership changes and signature verification, the outlet reported.

Specialized rollups can remain tailored to particular workloads while sharing a common foundation, according to Crypto Briefing. The publication reported that rollups joining the framework would continue to use ETH for fees rather than launch their own fee tokens.

Crypto News reported that a live system would have to handle simultaneous requests, changing market conditions and software updates. Bringing existing Gnosis Chain applications through the planned move would test more dependencies than the Devcon examples alone, the outlet said.

Conclusion

The Devcon trade demonstrated an order originating on Rollup X, filled with Ethereum mainnet liquidity and delivered back to the rollup, according to Crypto News. The outlet reported that other demonstrations tested wallet permissions and signature verification across networks, while participating networks face proof and reorganization requirements. Gnosis is aiming to adopt the design as its default in spring 2027, according to Crypto News. The outlet said a live system must handle concurrent requests, shifting market conditions and software changes, while moving existing Gnosis Chain applications would test more dependencies than the demonstrations alone.

Frequently Asked Questions

What did the Ethereum Economic Zone demonstrate at Devcon on November 4?

According to Crypto News, a user signed a single order on Rollup X, and a CoW Swap solver executed the trade against liquidity on Ethereum mainnet before the assets were delivered to the rollup. The outlet reported that the demonstration was presented at Devcon on November 4.

When does Gnosis plan to make the Ethereum Economic Zone design its default?

Gnosis is aiming for spring 2027 to make the design its default, Crypto News reported. According to the outlet, a live system must accommodate simultaneous requests, changes in market conditions and software updates. Moving existing Gnosis Chain applications would test more dependencies than the Devcon examples alone, the outlet said.

What must networks do to join the Ethereum Economic Zone?

According to Crypto News, Gnosis describes two conditions: participating networks must produce a proof within an Ethereum slot and follow Ethereum if it reorganizes. The outlet reported that an Ethereum slot lasts 12 seconds and that participants retain some choices over how to implement the requirements.

What did the Safe wallet demonstration test at Devcon?

The November 4 demonstrations tested how a Safe wallet could use treasury permissions across networks, according to Crypto News. The outlet reported that the example showed a rollup verifying an ownership change made on mainnet within the same transaction, addressing permissions that may otherwise need updating across separate accounts.

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Democrats win Congress, putting altcoin regulation in focus

Democrats win Congress, putting altcoin regulation in focus

by | Nov 6, 2026 | Altcoin

Democrats won majorities in both chambers of the U.S. Congress, Chosunbiz reported on November 6, putting altcoin regulation in focus. The party has favored keeping altcoins within the Securities and Exchange Commission's enforcement framework, according to the publication.

The outcome matters for a virtual asset industry that had backed Republicans and their different approach to oversight, Chosunbiz reported. The publication said Democratic control could bring a clash with SEC Chair Paul Atkins, who is moving to ease regulations after his appointment under the Donald Trump administration.

Chosunbiz described the Democratic result as a landslide and said the virtual asset industry appeared downbeat afterward. The publication reported that the industry had committed substantial funds to Republicans before the vote.

The parties' divide on altcoin regulation

Democrats have argued that altcoins, virtual assets other than bitcoin, should remain subject to the SEC's enforcement framework, according to Chosunbiz. Republicans, by contrast, have sought to classify virtual assets as commodities overseen by the Commodity Futures Trading Commission, the publication reported.

Chosunbiz described the CFTC's regulatory thresholds as lower than those under the SEC-centered approach favored by Democrats. The publication identified the parties' differing positions on oversight as the reason the virtual asset industry directed money toward Republicans.

The distinction is central to the outlook for altcoin regulation after the election, according to Chosunbiz. The publication reported that a renewed push for an SEC-centered approach could weigh on the altcoin market, while describing the industry as downbeat following the Democratic result.

SEC oversight under Atkins

Atkins is pursuing regulatory easing at the SEC, Chosunbiz reported, while Democrats will hold majorities in both the Senate and the House. The publication said a conflict between the chair and the party controlling Congress appears difficult to avoid.

Democrats have previously used hearings and demands for appearances to press the regulator over its efforts to loosen rules, according to Chosunbiz. The publication said Democrats argued that easing by the SEC neglected investor protection.

Whether Democrats renew that pressure is relevant to altcoin regulation, though Chosunbiz framed its market assessment as conditional on the party again pushing a hard-line, SEC-centered stance. The report did not identify a specific new hearing or appearance demand. In Chosunbiz's account, the question for altcoin regulation is whether Democrats use their congressional majorities to renew the kind of pressure they previously brought over investor protection.

Campaign spending and the Ohio race

Major super political action committees led by Coinbase and Ripple spent a combined $170 million on the U.S. midterm elections, Chosunbiz reported on November 6, citing the virtual asset industry. Most of the money supported Republican candidates, according to the publication.

More than $55 million went into the Ohio Senate contest alone, Chosunbiz reported. The spending was intended to oppose Democratic Senator Sherrod Brown and support Republican Bernie Moreno, but Brown won, according to the publication.

Chosunbiz described Brown as a proponent of stringent virtual asset regulation and Moreno as holding a more favorable position toward the industry. The publication said the industry's wider support for Republicans reflected the party's preference for a different regulatory framework from the one favored by Democrats.

Chosunbiz put the $170 million total at about 235 billion won. The publication reported an outlay of more than $55 million in Ohio, a single race, alongside the broader midterm spending figure for major Coinbase- and Ripple-led super PACs.

Altcoin demand and exchanges

Pepperstone head of research Chris Weston warned that stronger congressional regulation would inevitably pull investment demand away from altcoins, Chosunbiz reported. Weston distinguished bitcoin's response to macro liquidity from altcoins' sensitivity to regulatory changes, according to the publication. His assessment was a forecast of what could happen if Congress strengthens its stance, rather than a report of investment flows after the election.

Chosunbiz also outlined a possible consequence if most altcoins were designated unregistered securities: legal procedures, delistings and litigation risks could follow, potentially reducing trading volumes. The publication presented that outcome as conditional, not as a designation already made. It described the possible drop in volumes as a consequence of those legal and trading risks, not as an observed post-election trading figure.

The publication said a bearish altcoin outlook could also affect exchanges, including Upbit and Bithumb. Both support only spot trading and have a high proportion of activity in altcoins, according to Chosunbiz.

Chosunbiz said activity on spot-trading exchanges can diminish in a bear market. Its assessment of those exchanges is separate from Weston's forecast for investment demand, with both accounts linking the altcoin outlook to the regulatory stance that follows the election. The publication's assessment was that spot trading produces profits only when prices rise, leaving activity weaker during a bear market.

Conclusion

Democrats have won control of both congressional chambers, while SEC Chair Paul Atkins is moving to ease regulations, according to Chosunbiz. The publication reported that Democrats favor retaining the SEC's enforcement role for altcoins and have previously pressed the regulator over investor protection. The next issue identified in its reporting is whether Democrats renew pressure for an SEC-centered approach. Chosunbiz did not identify a scheduled hearing or other concrete action, and its assessment that such a push could weigh on altcoins was conditional. Pepperstone's Chris Weston separately forecast weaker altcoin demand if Congress strengthens its regulatory stance.

Frequently Asked Questions

What does Democratic control of Congress mean for altcoin regulation?

Chosunbiz reported that Democrats won majorities in both the Senate and the House and have favored keeping altcoins within the SEC's enforcement framework. The publication said a renewed push for that approach could weigh on the altcoin market, although it did not identify a specific new regulatory action.

How much did Coinbase- and Ripple-led super PACs spend on the midterms?

Major super PACs led by Coinbase and Ripple spent a combined $170 million on the U.S. midterm elections, Chosunbiz reported, citing the virtual asset industry. Most of the money supported Republicans, according to the publication, which linked the industry's political support to the parties' different approaches to regulation.

What did Chosunbiz report about Sherrod Brown's Ohio Senate race?

Chosunbiz reported that more than $55 million was spent on the Ohio Senate contest to oppose Democratic Senator Sherrod Brown and back Republican Bernie Moreno. Brown won, according to the publication, which described him as favoring stringent virtual asset regulation and Moreno as more favorable toward the industry.

What did Pepperstone's Chris Weston forecast for altcoins?

Pepperstone head of research Chris Weston said stronger congressional regulation would inevitably reduce investment demand centered on altcoins, Chosunbiz reported. The publication said Weston contrasted altcoins' sensitivity to changes in the regulatory environment with bitcoin's response to macro liquidity. His assessment was conditional on Congress strengthening its stance.

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Bitcoin selloff triggers more than $1 billion in crypto liquidations

Bitcoin selloff triggers more than $1 billion in crypto liquidations

by | Nov 6, 2026 | Altcoin

The Bitcoin selloff pushed the cryptocurrency below $76,000 on Thursday, with more than $1 billion in leveraged crypto positions liquidated as technology stocks fell, CryptoSlate reported. Bitcoin touched $75,568 before recovering to $76,830.67 at the time of the outlet's report.

The losses fell mainly on traders positioned for prices to rise: CryptoSlate reported that bullish bets accounted for nearly 89% of liquidations. ForkLog, citing CoinGlass, put the 24-hour liquidation total at $1.25 billion and said more than 239,000 traders were affected.

The Bitcoin selloff followed a recovery above $80,000 after the U.S. midterm elections, according to ForkLog. CryptoSlate and Yahoo Finance Australia reported that the retreat in technology shares spread into crypto markets.

Leveraged positions bear losses

Altcoin Buzz reported a separate 24-hour tally of $954.38 million in long liquidations, or 88.2% of the total, compared with $127.30 million in short positions. The outlet said the figures covered 210,326 traders.

The outlets did not report the same 24-hour totals. Altcoin Buzz said liquidation data compiled by CoinGlass are presented over different windows and that levels can vary between snapshots.

A large portion of the losses occurred over a shorter period, Altcoin Buzz reported: $817.35 million of the $896.18 million liquidated in one four-hour window came from long positions. The outlet put the total for a 12-hour window at $982.43 million.

Bitcoin positions accounted for about $281 million in liquidations, followed by roughly $175 million in Ethereum positions and nearly $38 million in Solana positions. The largest single liquidation was a $10.94 million ether long position on Binance.

Bitcoin selloff erases election rebound

Bitcoin.com News reported that bitcoin climbed to $81,105 on Wednesday after trading around $75,618, and then remained close to $80,000 for much of the time that followed. Selling then accelerated on Thursday morning as technology stocks weakened, the outlet said.

Reported lows differed. CryptoSlate put Thursday's low at $75,568, while Bitcoin.com News said Bitstamp recorded $75,468 by 10:55 a.m. Eastern time; Yahoo Finance Australia cited a low near $75,100. Altcoin Buzz cautioned that precise levels changed by the minute and differed across snapshots.

The Bitcoin selloff also followed a change in flows into U.S. spot bitcoin exchange-traded funds. Altcoin Buzz reported that the funds took in a net $74.6 million on Wednesday, ending three days of outflows, with Fidelity's FBTC leading inflows while BlackRock's IBIT saw withdrawals.

Earlier in the week, U.S. spot bitcoin ETFs recorded $398.6 million in net outflows on November 2, according to Crypto Briefing. The outlet said $405.3 million left IBIT alone, a figure exceeding the net outflow across the funds.

Technology shares retreat

Reports also differed on the size of the Nasdaq Composite's decline. CryptoSlate and ForkLog put the loss at 4.9% and said the index entered correction territory, more than 10% below its October record; Altcoin Buzz reported a 4.7% drop.

For the S&P 500, CryptoSlate reported a 3.2% decline, while Altcoin Buzz put the loss at 3.5%. ForkLog said Nvidia fell 9.3% and AMD lost about 17%, as semiconductor shares came under pressure.

ForkLog reported that the Bitcoin selloff spread to other cryptocurrencies, with Ethereum falling more than 8% to roughly $2,200. Coinbase and MicroStrategy shares also declined more than 10% during trading, according to the outlet.

The retreat came after Democrats won control of both chambers of Congress, ForkLog reported. The outlet said markets initially rallied on November 4, before attention shifted in the next session to what the election result could mean for the artificial intelligence industry.

Data center spending and policy

ForkLog reported that investors had been questioning whether technology companies could recover their AI spending, while companies continued to invest in computing centers, accelerators and energy infrastructure. The outlet said potential oversight of AI development and data center construction was among the issues facing the new Congress.

In Texas, ForkLog reported, Democrat Gina Hinojosa won the gubernatorial election after proposing during her campaign that construction of new data centers be paused until a state legislative session adopted measures to protect local residents. Hinojosa said, according to ForkLog, "Texans are being exploited in a big way by corporations that operate without any rules".

Hinojosa said data centers "suck up all our water and all our electricity." ForkLog reported that she also proposed requiring companies to demonstrate that projects would not increase household water and electricity bills.

The discussion concerned possible restrictions, not an enacted nationwide construction ban, ForkLog reported. The outlet cited a UBS estimate that delays could affect approximately 30% of additions to U.S. data center capacity that are planned for the year 2028.

Conclusion

Bitcoin recovered from its reported Thursday low but remained below the level reached after the election, according to CryptoSlate and ForkLog. Leveraged long positions accounted for most of the crypto liquidation losses, CryptoSlate reported, although outlets published different 24-hour totals. Beyond the market figures, ForkLog reported that Hinojosa had called for a halt to new Texas data centers until a state legislative session could adopt protections for residents. ForkLog said the wider discussion concerned potential restrictions, rather than an enacted nationwide ban.

Frequently Asked Questions

How low did Bitcoin fall on November 5?

CryptoSlate reported that bitcoin reached $75,568 on Thursday before recovering to $76,830.67 at the time of its report. Other reported lows differed: Bitcoin.com News cited $75,468 on Bitstamp, while Yahoo Finance Australia put the low near $75,100.

How much was liquidated during the Bitcoin selloff?

ForkLog, citing CoinGlass, reported $1.25 billion in crypto liquidations over 24 hours, affecting more than 239,000 traders. CryptoSlate reported more than $1 billion in liquidations. Altcoin Buzz said CoinGlass data are reported across different time windows, so the totals do not necessarily align.

How much of the crypto liquidation total came from long positions?

CryptoSlate reported that bullish positions represented nearly 89% of liquidation losses. In a separate 24-hour tally, Altcoin Buzz put long liquidations at $954.38 million, or 88.2% of the total, against $127.30 million for short positions.

Why were AI data centers part of the market discussion?

ForkLog reported that investors had questioned whether companies could recoup their AI spending and were considering possible oversight of data center construction. It said Texas election winner Gina Hinojosa had proposed pausing new data center construction until a state legislative session adopted protections for residents.

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