XRP fell about 24.3% over roughly four weeks, nearly twice bitcoin's decline. Blockchain analytics firm Elliptic reports that stolen XRP is being swapped mostly into bitcoin, though the tracing does not establish how much that contributed to the drop.
XRP extended its slide Tuesday, Nov. 10, falling about 24.3% over roughly four weeks, nearly twice bitcoin's percentage decline, and trading near $1.04.
CoinGecko recorded XRP at $1.037 around 10:45 a.m. ET, the lowest quote in The Defiant's retained 28-day price samples. The low refers to sampled provider quotes, not an exchange-specific intraday record.
XRP trails Bitcoin and Ether
Over approximately matched windows beginning Oct. 13, bitcoin fell 12.3% and ether lost 19.6%, according to The Defiant's calculations from CoinGecko prices. The comparison does not by itself establish whether token-specific selling or greater sensitivity to the broader selloff drove the gap.
XRP also lagged over the past week. It fell 18.3%, against bitcoin's 5.7% decline and ether's 12.1% drop.
Stolen XRP moves into Bitcoin
Meanwhile, Elliptic said in its Nov. 10 update that about $190 million in XRP stolen from Binance had been swapped, mostly into bitcoin. The FBI attributed the Binance theft to North Korean actors.
Elliptic said about 35 million more XRP, valued at $38 million, was swapped through THORChain overnight, almost all into bitcoin. About 60 million XRP, valued at $64 million, remained in theft-linked accounts as of its update.
The wallet tracing documents XRP disposals, but does not establish their contribution to the token's price decline.
Source: The Defiant
Trading involves risk.
Risk Disclaimer
