🔥 XRP was slammed down to $1.18, and the whole market is running for the exits—but the amount of XRP available to buy on Binance keeps shrinking!
$XRP is now at $1.1807, down 3.58% in 24h. Today's high is $1.2273 and low is $1.1723, with 24h trading volume of $137M. Yesterday, the entire market saw $1.26B in liquidations, Bitcoin ETFs had $430M in outflows in a single day, and $22M in XRP futures positions were liquidated. The $1.26 support level was lost.
But on the other side: the XRP Binance Scarcity Index surged to 2.1, its highest level since 2022—the amount of XRP actually available to buy on exchanges is shrinking, and supply is tightening. The price is falling, but supply is shrinking too. This combination is most likely to trigger a short squeeze.
My view: $1.1723 is today's floor. If it holds, look for a rebound, with $1.2273 as the first target, followed by $1.26 if the price breaks above it. If it falls below $1.17, admit I'm wrong and exit; the next stop is $1.10–$1.12. Data as of 2026-11-07 06:07 CST, Binance spot.
🔥 $XRP smashed to $1.18 while everyone is running for the exit — yet the XRP actually available to buy on Binance is drying up!
$XRP now $1.1807, down 3.58% in 24h, today high $1.2273, low $1.1723, 24h volume $137M. Yesterday $1.26B in liquidations hit the whole market, Bitcoin ETFs saw $430M outflows in a day, $22M of XRP futures got wiped out, and the $1.26 support is gone.
But on the other side: the XRP Binance Scarcity Index hit 2.1, the highest since 2022 — the tradable float on the exchange is shrinking while the price falls. Falling price plus shrinking supply is exactly how squeezes start.
My plan: $1.1723 is today low, hold it and look for a bounce, first target $1.2273, then $1.26 if it breaks through; lose $1.17 and I am out, next stop $1.10-$1.12. Data as of 2026-11-07 06:07 CST, Binance spot.
$XRP is now at $1.1807, down 3.58% in 24h. Today's high is $1.2273 and low is $1.1723, with 24h trading volume of $137M. Yesterday, the entire market saw $1.26B in liquidations, Bitcoin ETFs had $430M in outflows in a single day, and $22M in XRP futures positions were liquidated. The $1.26 support level was lost.
But on the other side: the XRP Binance Scarcity Index surged to 2.1, its highest level since 2022—the amount of XRP actually available to buy on exchanges is shrinking, and supply is tightening. The price is falling, but supply is shrinking too. This combination is most likely to trigger a short squeeze.
My view: $1.1723 is today's floor. If it holds, look for a rebound, with $1.2273 as the first target, followed by $1.26 if the price breaks above it. If it falls below $1.17, admit I'm wrong and exit; the next stop is $1.10–$1.12. Data as of 2026-11-07 06:07 CST, Binance spot.
🔥 $XRP smashed to $1.18 while everyone is running for the exit — yet the XRP actually available to buy on Binance is drying up!
$XRP now $1.1807, down 3.58% in 24h, today high $1.2273, low $1.1723, 24h volume $137M. Yesterday $1.26B in liquidations hit the whole market, Bitcoin ETFs saw $430M outflows in a day, $22M of XRP futures got wiped out, and the $1.26 support is gone.
But on the other side: the XRP Binance Scarcity Index hit 2.1, the highest since 2022 — the tradable float on the exchange is shrinking while the price falls. Falling price plus shrinking supply is exactly how squeezes start.
My plan: $1.1723 is today low, hold it and look for a bounce, first target $1.2273, then $1.26 if it breaks through; lose $1.17 and I am out, next stop $1.10-$1.12. Data as of 2026-11-07 06:07 CST, Binance spot.