TLDR
- XRP trades near $1.19 on November 6, down 1.35% on the day.
- The token has fallen from early-October highs near $1.60 and broke below its rising trendline.
- Ripple announced an RLUSD partnership with Robinhood and won final OCC approval for a national trust bank.
- US spot XRP ETFs hold about $1.73 billion in cumulative net inflows, though recent daily flows are flat.
- RSI sits at 34.10 and the MACD is negative, with $1.18–$1.20 the nearest support.
XRP is trading around $1.19 on Friday, November 6. That is a 1.35% drop on the day. The token is trying to hold a support zone near this price.
The Ripple-linked coin has slid from its early-October highs near $1.60. It was rejected at the $1.55–$1.65 resistance zone at that time. Since then, it has posted a series of lower highs.
XRP also broke below its rising trendline around $1.40. That line had supported the recovery from a low near $1.00 in August. The break marked a loss of momentum for buyers.
Ripple has kept busy on the business side. On October 27, the company announced a partnership with Robinhood. The deal will bring its RLUSD stablecoin to retail and institutional services.
JUST IN: Ripple $XRP and Robinhood $HOOD officially announce strategic partnership to expand stablecoin adoption.
— Watcher.Guru (@WatcherGuru) October 27, 2026
The agreement covers stablecoin distribution, institutional settlement and treasury management. RLUSD is expected to appear in Robinhood’s main app later this year.
Ripple also received final approval from the US Office of the Comptroller of the Currency. The approval lets it set up Ripple National Trust Bank. The bank is meant to support stablecoin reserves and digital asset custody.
Ripple and C2FO have also announced a settlement plan for supply-chain financing. It would use the XRP Ledger and RLUSD. The goal is faster payment for businesses that collect invoices early.
ETF Flows Stay Positive Over the Long Run
Alpha Finance data shows US spot XRP ETFs took in $8.4 million in net inflows on October 29. That followed $3.6 million in withdrawals on October 26. The tracker showed no net flows from November 3 to 5.
Since launching in November 2025, the funds have gathered about $1.73 billion in cumulative net inflows. Bitwise’s fund is the largest contributor at roughly $679.5 million. Over the latest 30 sessions, the funds added about $60.8 million.
Analyst CryptoBullet shared a more upbeat view on X. He said he likes XRP at current levels. He thinks the Wave 2 correction may have ended and that XRP could be at the start of Wave 3.
I like $XRP here
Wave 2 correction may have ended, and we could be at the very beginning of Wave 3 📈 👀
I need to see a breakout above the 350-Day MA in the coming weeks pic.twitter.com/Kn2t0DQqNg
— CryptoBullet (@CryptoBullet1) November 5, 2026
CryptoBullet added a condition to that view. He wants to see a breakout above the 350-day moving average in the coming weeks.
Network Activity and Key Price Levels
DefiLlama’s November 6 snapshot shows the XRP Ledger handled about 4.58 million transactions in 24 hours. The network had 56,458 active addresses. Decentralized exchange volume reached $5.42 million.
Total value locked in DeFi protocols stood near $36.7 million. The network’s stablecoin market cap fell about 9.9% over seven days. It now sits at $962 million.
On the chart, Friday’s intraday low was $1.1772. A daily close below $1.18 could open the way to $1.15. Below that, the next support levels are near $1.10 and $1.00.
If XRP holds the $1.18–$1.20 zone, the first resistance is near $1.25. Above that sits the $1.30–$1.35 range, where the price has struggled before. A move over $1.35 could point toward $1.40–$1.45.
The Relative Strength Index reads 34.10, close to the oversold line of 30. The MACD line is at -0.0384, under its signal line at -0.0346. The histogram reads -0.0037, which shows only a small negative reading.
XRP is trading near $1.19, just above Friday’s low of $1.1772.
