In this video: XRP Elliott Wave analysis for 6 October 2026: XRP is holding above support and attacking the August swing high, with $2.14 to $2.99 as the next upside target zone. Video by More Crypto Online.
We look at why the market is printing higher lows again, how the white and the yellow scenario both point higher, and which levels need to break on the smaller timeframe to signal that the pullback is over.
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As long as the support cluster holds, an upside breakout remains the focus, and breaks above $1.56 and $1.67 would be the first signals that a low is in.
XRP Insights Today
• Massive Realized Profits: On-chain data from Glassnode highlighted that XRP investors recorded $258 million in net realized profit on October 1, marking the largest single-day profit-taking event of 2026. This was largely driven by older, lower-cost whales moving tokens after XRP rebounded from its August low of $0.98.
• Ethereum Surpassed in Commodity Tokenization: Joint data from Token Terminal and the RWA Foundation revealed a massive shift in market dynamics. The XRP Ledger (XRPL) has overtaken Ethereum as the leader in tokenizing real-world commodities, drawing $2.2 billion in net capital inflows so far this year. XRPL's protocol-level architecture, low transaction fees, and instant settlement times are actively stealing institutional market share from Ethereum.
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