XRP Price Nears $1 as Binance Hacker Moves 139M XRP: Are New Lows Next?

Recent news surrounding XRP paints a largely bearish picture. On Monday, XRP dropped to $1.0764, marking its lowest valuation since August 19, and currently trades roughly 9% above the $1 threshold. Over a 30-day period, the asset is down 22.5%, which is more than double Bitcoin’s 10.1% decline. Last week alone yielded an 11% loss, sliding from $1.2508 to $1.1132 and culminating in its fifth consecutive losing week.

While the broader cryptocurrency market suffered a sell-off last week, XRP faced a distinct internal challenge. Since Thursday, the perpetrator behind the Binance theft has transferred 139 million stolen XRP tokens—valued at approximately $151 million—out of one of their wallets.

Historical data tracking XRP’s weekly performance on Binance since 2018 reveals that losing streaks lasting five weeks or longer have occurred six times previously. In every single instance, XRP subsequently traded below the price point where the streak concluded within the ensuing 12 weeks.

This dynamic raises the central question: is XRP heading back below $1?

XRP hasn’t been at these levels since August

what’s next for $XRP pic.twitter.com/5ovsBXjgJ8

— Gemini (@Gemini) November 8, 2026

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The Binance Hacker’s Stolen XRP Is Moving Again

The stolen assets are once again in motion. Data from the XRP Ledger—the public ledger recording all XRP transactions—indicates that the hacker’s wallet has continuously disbursed XRP in steady increments since Thursday afternoon.

On November 2, the hacker distributed its holding of 233.46 million XRP across six newly created wallets. This week, those funds began consolidating back into one of those specific wallets before being paid out further.

• How much: 139.0 million XRP exited that wallet across 728 individual transactions between 14:56 UTC on Thursday and Monday morning.
• Where to: 79 destination addresses, 55 of which represent newly generated wallets created by the hacker.
• Still held: Approximately 94.5 million XRP remains inside the hacker’s known wallets, with 73.5 million untouched since November 2.

None of the 728 transactions included a destination tag—the specific identifier typically required by exchanges to credit user accounts properly. Consequently, the public ledger does not yet show these coins depositing onto any exchange platform. Furthermore, the receiving wallets currently hold only about 2.3 million XRP, implying that the vast majority of the transferred coins have already moved onward.

While traders cannot confirm mere ledger movements as active market dumping, observing a $151 million pile of stolen XRP shift from static storage is enough to prompt preemptive selling.

The timing of these transfers coincided with the market’s worst-performing day. The initial payout occurred on Thursday amid a broader sell-off in chip stocks, compounding an existing downward slide for XRP. XRP fell 7.5% that day, registering its steepest single-day decline of the week.

The rest of the digital asset ecosystem provided no reprieve. Bitcoin finalized its own fifth consecutive losing week on Sunday, followed late Sunday by a wave of forced liquidations across the crypto sector. Leveraged traders—those utilizing borrowed capital to speculate on higher prices—saw their positions automatically closed out as market valuations tumbled. This triggered an 11-minute flash drop for XRP, which plummeted 4.5% from $1.1445 at 21:44 UTC to $1.0930 at 21:55 UTC.

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Five Red Weeks in a Row Have Always Led to Lower Prices

XRP has officially closed five consecutive weeks below their respective opening prices. Throughout this five-week stretch, the token dropped 26.8%, moving from $1.5205 down to $1.1132.

An audit of every weekly candle for XRP on Binance dating back to 2018 highlights six previous occurrences of comparable streaks. In all six instances, XRP subsequently traded lower within a 12-week window.

• Smallest further drop: 2.1%, following the streak that concluded in March 2020.
• Biggest further drop: 26.2%, following the nine-week streak that concluded in May 2022.
• Typical further drop: 7.6%, representing the median outcome across the six historical cases.

Currently, following Monday’s dip to $1.0764, XRP is already trading 3.3% below its fifth weekly close. Applying the median historical decline of 7.6% from the $1.1132 mark would project a target price of roughly $1.03.

However, these lows did not always become permanent. In four out of the six historical cases, XRP traded higher 12 weeks after the streak ended compared to the price where the streak officially stopped. Additionally, because six cases constitute a limited sample size, this historical pattern serves merely as a directional guide rather than an absolute rule.

XRP News for Traders: Can XRP Hold $1?

The psychological level has held thus far, but the buffer is exceptionally thin. XRP currently changes hands at $1.0868 on Binance, sitting about 1% above Monday’s local low.

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XRP trades significantly below its daily exponential moving averages (EMAs), which place greater weight on recent price action. The 50-day EMA sits at $1.3020, while the 200-day EMA rests at $1.3529.

• Resistance: $1.1264 (Monday’s high), followed by $1.1699 (Sunday’s high). Further up sits the 50-day EMA at $1.3020.
• Support: $1.0764 (Monday’s low). Beneath that lies the $1.00 psychological mark, followed by $0.9862, which is the August 14 low and XRP’s weakest price point since November 2024.

The $1 threshold has successfully defended itself previously. In August, XRP dipped below it across eight separate days but only closed beneath it on two occasions before climbing as high as $1.70 within a three-day span.

For ongoing XRP news, market participants should closely monitor the hacker’s wallet addresses. If the stolen tokens eventually begin arriving at crypto exchanges, the resulting selling pressure could drive XRP below $1 for the first time since August.

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