In this video: XRP to $11? The Long-Term Target and How Long It Could Take. Video by More Crypto Online.
XRP Elliott Wave analysis for 13 October 2026: XRP bounced from the $1.10 to $1.38 support zone and now tests the $1.32 to $1.49 micro support.
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XRP is navigating a critical consolidation phase, trading around $1.35 to $1.39. Despite a strong wave of positive institutional developments this week, the token has faced a broad 8% pullback over the last seven days, mirroring a cooling off in on-chain engagement.
XRP Insights Today
• Standard Chartered Custody Launch: In a major win for institutional backing, Standard Chartered has officially launched custodian services for Ripple’s stablecoin, Ripple USD (RLUSD). This provides a secure gateway for enterprise-level adoption.
• Evernorth's Nasdaq Debut: Evernorth, a major entity holding roughly 473 million XRP, made its debut on the Nasdaq exchange today. This listing effectively bridges traditional equity markets with significant indirect exposure to XRP.
• Dubai Bank Milestone: Ripple finalized a strategic banking agreement in Dubai, further strengthening its cross-border payment infrastructure across the Middle East.
• Flushing Out Leverage: Market data shows that Futures Open Interest (OI) has dropped significantly while the spot price stabilized. Analysts view this as a healthy "leverage flush," resetting the board for organic buyers and reducing the likelihood of sudden liquidations.
• Softening Network Growth: On the bearish side, newly created addresses on the XRP network moderated to 376,000, a steep decline from September’s peak of 1.48 million. This dip in unique user activity is a primary reason the recent bullish announcements have not immediately triggered a massive price rally.
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