In this video: We analyse XRP on 9 November 2026 using Elliott Wave. The sell-off continues and the market still looks like it wants to go a little lower, after XRP started the next decline yesterday following a three-wave bounce. The wave count on the higher timeframe is unchanged. A decisive break below $1.10 would open the door to a test of the August lows and possibly a break below them. We use the support zone to find the Fibonacci levels where reactions can happen, but without a five-wave move up from those levels there is no sign of a low, and there has not been one since the September high. The correction is still extending, which is not surprising while Bitcoin is still in a correction, so XRP might test the next level at $1.10 as well. Video by More Crypto Online.
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To confirm a low, we need a five-wave move and a break above the next key resistance at $1.34, back into higher highs and higher lows. Only then can we track targets to the upside, for now there are only projections. On the smaller timeframe, the market is working on a C wave down from the September B wave top, which so far is a three-wave move. The bounce from the 29 and 30 October low was a clear three-wave move, so one more low was likely, and a lower high and a lower low could still complete all five waves of wave C. A first indication of a low would be a five-wave advance above the initial resistance between $1.21 and $1.25, which would open the door to a test of the last swing highs around $1.34 to $1.35.
XRP Insights Today
ETF Flows and Institutional Exposure
Spot XRP ETFs saw a pause in momentum, registering zero net flows in early November. However, total net assets in these products hold steady at $1.34 billion, with historical aggregate inflows remaining at $1.81 billion. This implies that recent price declines are driven by broader market spot trading rather than institutional capitulation or liquidations. Additionally, filings show XRP ETF shares increasingly utilized as repo collateral by major financial players like JPMorgan and Bank of America.
XRP Ledger Technical Upgrades
In early November 2026, the XRP Ledger community successfully activated the fixCleanup3_4_0 amendment. This critical upgrade closed a permission-delegation loophole that previously posed risks to stablecoins and custom tokenized assets on the network. Ripple engineering confirmed that the native 100 billion fixed supply of XRP was never compromised, reassuring markets of protocol-level integrity following intense code audits.
Supply Shifting off Exchanges
Large-scale investor behavior shows significant accumulation patterns despite the price drop. Blockchain data tracked a massive transfer of 418.5 million XRP (worth roughly $540 million) out of Binance. This massive outflow has pushed exchange supply metrics to multi-year lows, reducing liquid sell pressure on trading desks.
Regulatory Outlook
Traders are closely watching the U.S. Senate for updates regarding the Clarity Act. The bill's timeline remains uncertain, with current expectations leaning toward a postponement. Clear regulatory passage is considered a primary catalyst required to push XRP back toward its historical psychological resistance points.
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