In this video: XRP Elliott Wave analysis for 2 October 2026: XRP bounced from the $1.10 to $1.39 support zone and now tests the $1.32 to $1.49 micro support. Video by More Crypto Online.
We look at the possible 5-wave advance from the August low, the all-time high projection at $11.40 and the support and resistance levels that matter on the way up.
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XRP has dropped roughly 7% over the last week, closely following a broader sell-off that has pulled Bitcoin below $83,000.
Despite the short-term pullback, structural developments on the XRP Ledger (XRPL) and evolving regulatory signals remain central to its intermediate outlook.
XRP Insights Today
The network is implementing crucial protocol upgrades aimed directly at expanding real-world financial applications:
• XRPL Batch V1.1 Upgrade Live: Officially launched today (October 9), the XLS-56 amendment allows multiple transactions across different accounts to execute as an all-or-nothing operation. This minimizes the risk of partial failures, making the ledger significantly more reliable for institutional bank settlements and complex delivery-versus-payment (DvP) workflows.
• Permission Delegation Rollout: Implemented this week following a successful independent audit by Cantina Security, this feature allows users to safely delegate transaction rights to third parties (like corporate treasuries) without exposing master private keys.
• Strategic Capital Alliances: Ripple recently joined major fintech heavyweights Circle and SC Ventures as a strategic investor in crypto exchange OKX's massive $25 billion institutional funding round, potentially cementing deeper integrations between OKX liquidity pools and XRP-backed payment rails.
XRP continues to drift into a more stable regulatory category within the U.S. financial landscape. In fresh public statements, officials from the U.S. Commodity Futures Trading Commission (CFTC) again referenced XRP as a “digital commodity” alongside Bitcoin and Ethereum. While this is an extension of the interpretive structure built earlier in 2026 rather than a new law, it further reduces long-term compliance friction for institutional trading desks looking to establish regulated derivative products.
On the retail side, hyper-bullish technical "wedge patterns" floating around social media continue to tease targets of $10 to $50. However, institutional analysts stress that such heights would require multi-trillion-dollar market caps, keeping the market realistic and focused on near-term adoption metrics instead.
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