[Digital Today reporter Yoonseo Lee] XRP had the biggest drop among the top 10 cryptocurrencies by market capitalisation on Nov. 9 (local time), data showed.
Blockchain media outlet The Crypto Basic reported that XRP was down 6.06 percent over 24 hours to $1.09 as of Nov. 9.
CoinMarketCap data showed XRP ranked sixth with a market value of about $69.46 billion, and 24-hour trading volume was $2.24 billion. Recent declines widened XRP's seven-day loss to 12.49 percent. Weakness became more pronounced after it failed to hold the upper support zone in early November.
The decline stood out even as the broader cryptocurrency market weakened. Bitcoin fell 1.94 percent over 24 hours to $74,258, and Ethereum slid 5.06 percent to $2,119. BNB fell 2.21 percent, Solana dropped 3.22 percent, Tron (TRON) fell 1.07 percent, Zcash (ZEC) lost 3.61 percent and Hyperliquid (HYPE) declined 4.13 percent. XRP's 6.06 percent drop was the steepest among the top 10 assets in that span.
On a seven-day basis, the gap was wider. XRP fell 12.49 percent, a bigger decline than Bitcoin's 4.90 percent and Ethereum's 7.12 percent. It is seen as the result of accumulating downward pressure over the past several days rather than a short-term plunge.
In the market, the area around $1.09 is emerging as a key zone. XRP has fallen to the lower end of the $1.10 to $1.29 range that had been cited as an important support area. After it gave up $1.26, the $1.10 to $1.125 zone emerged as the next test, but it has effectively already reached that range.
$1.09 is also significant as it sits just above the psychological support level of $1. XRP recently slipped below a short-term trading range and moved into a breakaway structure toward lower support, with $1.14 and $1.10 drawing attention first. This latest drop means it has already broken below $1.14.
If $1 gives way, the significance would be greater. The level is not only a psychological benchmark but also the zone where XRP began a strong rebound in August. The market is therefore watching first whether it can hold $1.09 to $1.10.
Derivatives markets also remain a factor that could increase short-term volatility. Recent positioning shows a large volume of long-liquidation orders has built up below the spot price. If the decline continues, leveraged long positions could be unwound further, potentially amplifying volatility. To partially reverse the short-term structure, it would first need to recover the $1.18 to $1.20 range.
The latest drop shows XRP is facing relatively greater pressure even as major cryptocurrencies broadly weaken. At the same time, the key variable is where the short-term price structure is defended, as spot support and derivatives positions interact.
