{"id":249332,"date":"2026-11-09T15:36:03","date_gmt":"2026-11-09T15:36:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=249332"},"modified":"2026-11-09T15:36:03","modified_gmt":"2026-11-09T15:36:03","slug":"xrp-price-nears-1-as-binance-hacker-moves-139m-xrp-are-new-lows-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=249332","title":{"rendered":"XRP Price Nears $1 as Binance Hacker Moves 139M XRP: Are New Lows Next?"},"content":{"rendered":"

XRP news this week is all red. XRP fell to $1.0764<\/a> on Monday, its lowest price since August 19, and now trades about 9% above $1. It is down 22.5% in 30 days, more than twice Bitcoin\u2019s 10.1% drop. Last week alone it lost 11%, from $1.2508 to $1.1132, its fifth losing week in a row.<\/p>\n

The whole crypto market sold off last week, but XRP had a problem of its own. Since Thursday, the hacker behind the Binance theft has sent 139 million stolen XRP, worth about $151 million, out of one of its wallets.<\/p>\n

We also checked XRP\u2019s weekly history on Binance since 2018. Losing streaks of five weeks or more have happened six times before. Every time, XRP traded below the price where the streak ended within the next 12 weeks.<\/p>\n

So is XRP heading back below $1?<\/p>\n

XRP hasn’t been at these levels since August<\/p>\n

what’s next for $XRP<\/a> pic.twitter.com\/5ovsBXjgJ8<\/a><\/p>\n

\u2014 Gemini (@Gemini) November 8, 2026<\/a><\/p>\n\n

EXPLORE:\u00a0BTC USD Breaks Below 50-Week Average After $1.28B ETF Outflows: Is The Selling Finally Over?<\/a><\/strong><\/p>\n

The Binance Hacker\u2019s Stolen XRP Is Moving Again<\/h2>\n

The stolen coins are on the move again. The XRP Ledger<\/a>, the public record of every XRP transfer, shows the hacker\u2019s wallet sending out XRP in steady chunks since Thursday afternoon.<\/p>\n

On November 2, the hacker split its 233.46 million XRP across six new wallets. This week it began gathering them into one of those wallets and paying them out again.<\/p>\n

How much:<\/strong> 139.0 million XRP left that wallet in 728 payments between 14:56 UTC on Thursday and Monday morning.
\nWhere to:<\/strong> 79 addresses, 55 of them brand-new wallets the hacker created itself.
\nStill held:<\/strong> about 94.5 million XRP remains in the hacker\u2019s known wallets, 73.5 million of it untouched since November 2.<\/p>\n

None of the 728 payments carried a destination tag, the number most exchanges require so a deposit reaches the right account. So the ledger does not show the coins landing on an exchange yet. The receiving wallets hold only about 2.3 million XRP now, which means most of the coins have already moved on again.<\/p>\n

Traders cannot tell from the ledger alone whether the coins are being sold. What they can see is a $151 million pile of stolen XRP that is no longer sitting still. That is reason enough for some to sell first.<\/p>\n

The timing also matched the market\u2019s worst day. The first payout went out on Thursday, as chip stocks sold off and XRP was already sliding. XRP fell 7.5% that day, its biggest drop of the week.<\/p>\n

The rest of the market gave no relief. Bitcoin closed its own fifth losing week on Sunday, and late Sunday a wave of forced selling hit crypto. Leveraged traders, who borrow to bet on higher prices, had their positions closed automatically as prices fell. XRP dropped 4.5% in 11 minutes, from $1.1445 at 21:44 UTC to $1.0930 at 21:55 UTC.<\/p>\n

DISCOVER: Top 20 Crypto to Buy in 2026<\/a><\/strong><\/p>\n

Five Red Weeks in a Row Have Always Led to Lower Prices<\/h2>\n

XRP has now closed five weeks in a row below their opening prices. Over those five weeks it fell 26.8%, from $1.5205 to $1.1132.<\/p>\n

We checked every weekly candle for XRP on Binance since 2018 for streaks like this one. There were six before, and in each case XRP went on to trade lower within 12 weeks.<\/p>\n

Smallest further drop:<\/strong> 2.1%, after the streak that ended in March 2020.
\nBiggest further drop:<\/strong> 26.2%, after the nine-week streak that ended in May 2022.
\nTypical further drop:<\/strong> 7.6%, the median of the six.<\/p>\n

This time, XRP is already 3.3% below its fifth weekly close after Monday\u2019s drop to $1.0764. A drop of 7.6% from $1.1132, the median, would take it to about $1.03.<\/p>\n

The low did not always last. In four of the six cases, XRP traded higher 12 weeks after the streak than where the streak ended. Six cases are also a small sample, so the pattern is a guide rather than a rule.<\/p>\n

XRP News for Traders: Can XRP Hold $1?<\/h2>\n

It has held so far, but the margin is thin. XRP trades at $1.0868 on Binance, about 1% above Monday\u2019s low.<\/p>\n

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