In this video: XRP Elliott Wave analysis for 2 October 2026: XRP bounced from the $1.10 to $1.38 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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As of today, October 2, 2026, XRP is trading at approximately $1.51 USD, experiencing minor sideways volatility with a slight 24-hour gain of roughly 0.47%. While the asset has surged about 46% over the past 90 days following a strong Q3 performance, it remains down 17.6% year-to-date and faces key consolidation barriers.
XRP Insights Today
• 1 Billion XRP Escrow Unlock: In line with its scheduled monthly programmatic distribution, Ripple unlocked 1 billion XRP (valued at roughly $1.49 billion) from its escrow accounts today. While massive token unlocks historically stoke short-term sell-off fears, analysts note that large portions are typically re-escrowed, leaving the immediate impact on net circulating supply to be absorbed by existing accumulation trends.
• Brazil's CSD Ledger Integration: On the institutional side, Brazil's centralized securities depository (CSD BR) recently partnered with Ripple to begin tokenizing and mirroring investment fund shares directly on the XRP Ledger (XRPL). Starting with fund shares from BTG Pactual, this marks the first time a major licensed depository has pushed real asset ownership records onto a public blockchain network.
• Strong ETF Inflows but Price Lag: U.S. spot XRP ETFs have continued to display remarkable resilience, pulling in steady capital and pushing total net assets in these products to approximately $1.8 billion. Despite these sustained inflows, retail market sentiment has temporarily dipped to low levels due to frustration over the fact that massive institutional integration wins haven't immediately triggered a major price breakout.
• Protocol Upgrade Delays: The highly anticipated Batch V1.1 upgrade on the XRPL—which will enable the bundling of up to eight linked transactions into a single operation—has seen its activation timeline pushed back. Following changes in validator voting weights, the earliest target date for activation has been reset to October 9, 2026.
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