In this video: XRP is holding up better than many crypto charts. Here is the support zone that matters, and the trigger that would confirm a low. We analyse XRP on 3 November 2026 using Elliott Wave. The crypto sector is in a correction and sentiment is very negative again, but the pullback from the August high is still a 3-wave move inside the support zone between $1.10 and $1.29. Holding a support area is not a buy signal: we watch for the trigger and the reaction. Video by More Crypto Online.
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A larger 5-wave move up would confirm a larger uptrend, while in the yellow scenario a rally could again be only corrective. On the smaller timeframe, XRP is testing the September lows inside a descending channel, with the next support around $1.21 to $1.22, where the 61.8% retracement and the 100% extension meet. A break above the channel and then above the green line at $1.34 would be the first signals that the bulls are taking the lead, and only then can $2 plus come into focus. The long-term projection of $11.45 is far from confirmed.
XRP Insights Today
Bearish Overhang: The Binance Hack & "Peel-Chain" Laundering
• Hacker Moves $293M in XRP: Following the recent multi-billion dollar Binance security exploit, the hacker dispersed 233.46 million stolen XRP (worth roughly $293 million) across six newly created wallets. Because native XRP cannot be frozen directly on the decentralized ledger, this creates an active "sell overhang," generating fear that a massive market dump could cap short-term rallies.
• Exchange Reserves Plummet: Binance's internal XRP reserves fell by 8.2% in just three days as users migrated funds out of caution.
Bullish Catalysts & Institutional Demand
• Counter-Trend ETF Inflows: While Bitcoin, Ethereum, and Solana investment vehicles recorded substantial outflows over the last week, U.S. spot XRP ETFs defied the broader market trend by attracting $4.32 million in net inflows. This selective institutional buying highlights strong underlying value retention.
• Robust Corporate Guidance: Sentiment was lifted by comments out of the recent 2026 Ripple Swell Conference, where executives forecast closing out 2026 with roughly $900 million in core product revenue driven by the expansion of the Ripple USD (RLUSD) stablecoin and institutional prime brokerage integrations.
• Network Activity Surge: The XRP Ledger saw a massive 142% spike in single-day new account creations, signal-boosting active address momentum despite stagnant macro price action.
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