XRP Drops 5.98% in Four Hours to $1.24 on Binance Spot Trading

Ripple (XRP) fell 5.98% over four hours to $1.24 in Binance spot XRP/USDT trading at 10:55 a.m. ET (15:55 UTC) Nov. 5. The observed price four hours earlier was $1.32. The $1.24 price is the observed Binance spot quote, and the percentage change compares it with the quote four hours earlier.

XRP was down 5.79% over the 24-hour period ending at the observation time, a separate window from the four-hour move. During the same one-hour period, XRP liquidations across Binance, Bybit and OKX totaled $5.62 million in long positions and $70,000 in short positions. The liquidation figures combine data for those three exchanges and cover XRP.

At the time of the snapshot, XRP ranked fifth by market capitalization, with a valuation of about $79.9645 billion. The market-cap figure provides a broader scale reference than the shorter price and liquidation windows described above.