TLDR
- XRP trades near $1.0876, down 2.19% on Monday, November 9.
- RSI sits at 25.91, an oversold reading, while the MACD stays negative.
- US spot XRP ETFs hold $1.73 billion in cumulative net inflows.
- XRPL stablecoin market cap rose 20.73% in seven days to about $969.96 million.
- Support sits at $1.05 to $1.10, with $1.20 as the first resistance.
XRP is trading around $1.0876 on Monday, November 9. The token is down 2.19% on the day. It touched an intraday low of $1.0845.
The price has fallen from highs of $1.50 to $1.65 set earlier in the autumn. Since then, XRP has printed lower highs and lower lows on the daily chart. The latest drop has pushed the token back toward a support area.
That support area sits between $1.05 and $1.10. Price is now just above it. Traders are watching to see if buyers defend the zone.
Analyst Ali Charts posted on X that XRP has reached the lower edge of a descending channel. The channel has shaped price action over the past month. He said XRP looks ready to bounce.
XRP LOOKS READY TO BOUNCE$XRP has reached the lower boundary of the descending channel that has defined its price action over the past month.
If $1.14 holds as support, XRP could rebound toward the channel’s upper boundary at $1.30.
That would represent a potential 13% move… https://t.co/HTMbkwJNQJ pic.twitter.com/lUwUT1bQWq
— Ali Charts (@alicharts) November 8, 2026
Ali Charts said that if $1.14 holds as support, XRP could rebound toward the channel’s upper boundary at $1.30. That would be a move of about 13% from current levels. The channel’s upper line therefore marks his target.
Ripple Business News Continues
Ripple has made several announcements in the past two weeks. The company said it partnered with Robinhood on financial services. These include RLUSD distribution, institutional settlement and treasury use cases.
NEW: Ripple and Robinhood just announced a strategic partnership to expand stablecoin adoption 💵 $RLUSD is live on Robinhood Chain and Bitstamp now, and is coming to the Robinhood app’s 28.6M funded customers later this year. Robinhood will also settle institutional payments… pic.twitter.com/DHXcPLHZq3
— CryptosRus (@CryptosR_Us) October 28, 2026
Ripple also said Coinbase will expand access to RLUSD. That adds another large distribution channel for the stablecoin. RLUSD is Ripple’s dollar-backed token.
The company also received final OCC approval to set up a national trust bank. The approval covers custody and stablecoin infrastructure. It adds to Ripple’s regulatory footing in the United States.
So far, the news has not lifted the XRP price. The announcements focus on RLUSD and company services. They do not point to direct demand for XRP itself.
ETF Flows and Network Data
US spot XRP ETFs recorded $0 in net flow on November 6, according to Alpha Finance. Over the last seven sessions, the funds took in a net $8.4 million. The 30-session total stands at $45.9 million.
Cumulative net inflows have reached $1.73 billion since launch. Bitwise’s XRP fund is the top contributor. It holds about $679.5 million, which is nearly 39% of the total.
DefiLlama data shows XRP Ledger had about 55,829 active addresses over 24 hours. The network processed roughly 4.79 million transactions in that time. DEX volume was about $4.08 million.
Total DeFi TVL on XRPL was near $33.83 million. The stablecoin market cap was close to $969.96 million. That figure rose 20.73% over seven days, and RLUSD makes up most of it.
Seven-day DEX volume fell more than 24%. That points to lower trading activity on the network. Stablecoin growth has continued during the same period.
On the chart, the RSI is at 25.91. Readings below 30 are usually seen as oversold. The MACD line is below its signal line, and the histogram is below zero.
If XRP closes below $1.05 on the daily chart, the next support band sits at $0.90 to $0.95. On the upside, XRP must first reclaim $1.20. Resistance then sits at $1.25 to $1.30, with $1.35 above that.
