XRP is showing signs of a price recovery as the number of wallets holding at least 1 million XRP reaches its highest level in 2026.
According to analytics platform Santiment, there are now 2,147 wallets holding at least 1 million XRP. This is the highest number recorded this year.
Santiment reported that 28 new wallets joined this group over the past 10 days, with 18 added in just the last three days. This suggests that large XRP holders may be buying more tokens despite the recent price decline.
Meanwhile, analyst Ali Martinez noted that XRP has broken above the upper Bollinger Band on the four-hour chart, pointing to increasing buying pressure.
Why the Increase in Millionaire Wallets Matters
The growing number of wallets holding at least 1 million XRP is a positive sign for the asset. Large holders have longer-term investment plans than short-term traders. Their increasing numbers during a price decline suggest that some investors are taking advantage of lower prices to accumulate more XRP.
Santiment has identified the $1.20–$1.25 range as an important support area. According to the platform, XRP’s outlook remains positive if the price holds this range and the number of wallets holding at least 1 million XRP stays above 2,140.
XRP Chart by Santiment Showing Rise in Millionaire Count
XRP Network Growth Adds Another Positive Sign
XRP is also showing signs of increased network activity. Santiment recently reported that the XRP Ledger recorded 7,934 new wallets on November 1. This was the sixth-highest daily wallet creation figure of 2026.
Interestingly, this happened on a Sunday, when network activity is usually quieter. Santiment suggested that the recent Binance hack may have encouraged some crypto users to move their funds into personal wallets instead of leaving them on exchanges.
The analytics platform also noted that increased wallet creation while XRP trades around $1.16 could be an encouraging sign for the network. According to Santiment, consistently recording more than 4,000 new wallets daily would indicate healthy network growth.
XRP is at an important juncture, and analyst Casi Trades says its next move will determine whether the coin continues rising or falls further.
According to her analysis, $0.98 is the key price level to watch. If XRP stays above this level, its chances of starting a new upward trend remain strong. On the other hand, the bearish scenario would unfold if XRP drops below $0.98, extending its correction and pushing the price down to $0.87.
Casi shared an Elliott Wave chart on X showing XRP trading around $1.19 after losing 10% in a single day. She warned that the coin was running out of time to maintain its current position as selling pressure increased in the market.
The orange projection represents the bullish scenario, in which XRP maintains its previous low of $0.98. Notably, the coin reached this level in August. Holding above this level would leave room for a recovery and preserve the analyst’s bullish outlook.
Conversely, the green projection illustrates the bearish scenario. If XRP establishes a new low below $0.98, Casi expects the macro Wave 2 correction to extend toward $0.87.
The chart also identifies several intermediate Fibonacci levels, including approximately $1.09–$1.10, $1.26, $1.53, and $1.64. These levels could provide additional reference points as XRP navigates its ongoing correction.
Casi emphasized the importance of these indicators, explaining that every Fibonacci level on her chart serves a purpose.
“Yes, every single fib line is important, or I would not have it on the chart,” she added.
XRP $4.70–$5.00 Price targets if Bullish Structure Holds
Beyond the immediate correction, Casi’s macro chart outlines significantly higher price projections if XRP maintains its bullish Elliott Wave structure.
The upside Fibonacci extensions include potential targets between $2.89 and $3.28. Further projections extend toward approximately $4.70–$5.00, with the possibility of even higher levels.
These projections depend on XRP completing its correction without invalidating the bullish wave structure.
Casi’s latest assessment also builds on her earlier warning that XRP could revisit $1.10 before completing its Wave 2 correction. She previously identified $1.125 as a possible temporary stopping point and noted that bullish RSI divergence near the lower target could help confirm a potential bottom.
Analyst Eyes $27 Target Based on Historical Cycles
In a separate analysis, ChartNerd urged investors not to panic over the recent decline. He encouraged them to learn from previous buying decisions and consider the dip an opportunity to lower their average entry price.
In particular, ChartNerd projected a bold double-digit price for XRP by comparing its long-term chart across previous market cycles. The chart highlights three major bullish cycles:
2017–2018: XRP soared 111,098% before correcting by 97%.
2020–2021: The token surged 1,674%, then fell 86%.
2022–2025: XRP rallied 1,202% before dropping 72%.
Based on Fibonacci extensions, ChartNerd identified long-term price targets of $8.4, $13.60, and $27, corresponding to the 1.272, 1.414, and 1.618 extension levels, respectively. From its current level, XRP would need to climb 550% to reach $8.4 and 2,100% to reach $27.
While promising, this outlook depends on the overall market entering a bull season, and these price targets could take several years to materialize.
Murad Mahmudov is drawing a direct behavioral comparison between today’s most committed SPX6900 holders and investors who accumulated Bitcoin early and held through years of extreme volatility.
“People who made it big with Bitcoin, acted exactly the same way SPX6900 Aeons are acting today. Extreme Buy-and-Hold,” Murad said in his latest post on X.
The comparison centers on investor behavior rather than technology, market size or fundamentals. Murad’s argument is that the outsized gains generated by some early Bitcoin investors came from maintaining conviction through severe drawdowns instead of repeatedly trading in and out of the market.
He believes a similar culture has developed around SPX6900.
SPX6900 Community Builds Around Holding Rather Than Trading
Members of the SPX6900 community commonly call themselves “Aeons.” The project’s own website describes a culture explicitly built around long-term conviction, including the principle “Stop Trading and Believe in Something.”
The community says dollar-cost averaging became a dominant practice during late 2024 and early 2025, while another of its principles discourages focusing excessively on short-term price charts.
That fits closely with Murad’s broader memecoin thesis.
Murad’s comparison comes while SPX6900 is still recovering from a substantial drawdown.
SPX currently trades around $0.36, giving the token a market capitalization of roughly $336 million. Its record high stands near $2.27, reached in July 2025, leaving SPX approximately 84% below its peak.
That decline makes the buy-and-hold thesis particularly relevant to Murad’s argument. Remaining committed after an 80%-plus drawdown requires substantially different behavior from buying an asset during a strong upward trend.
Bitcoin Comparison Does Not Mean SPX Must Repeat Bitcoin
The analogy has an important limitation.
Bitcoin developed into a trillion-dollar asset with its own decentralized monetary network, while SPX6900 describes itself as a community-driven meme asset. Its official website explicitly states that SPX has no intrinsic value or expectation of financial return and is intended for entertainment purposes.
Accordingly, early Bitcoin investors holding through volatility does not establish that SPX holders will ultimately receive comparable returns.
Murad’s argument is narrower: he sees the behavioral pattern—extreme conviction, accumulation and reluctance to sell—as similar.
Whether that culture can translate into another sustained SPX expansion will ultimately depend on whether the community continues growing and attracting capital through future market cycles.
Bitrue has again publicly encouraged interest in XRP as the asset trades near one of its most important support regions following another sharp market decline.
“If you thought abt buying #XRP before, now’s ur chance,” the exchange said in a Nov. 6 post on X.
if you thought abt buying #XRP before, now's ur chance 🙂
The comment comes with XRP trading around $1.19, down sharply from the $1.30 region seen earlier this week. CoinMarketCap data shows XRP has traded between approximately $1.18 and $1.32 over the latest 24-hour period as selling pressure hit the broader crypto market.
Bitrue’s message amounts to a promotional view from the exchange rather than confirmation that XRP has established a market bottom.
Bitrue Has Made Bullish XRP Calls Before
The latest post fits a long-running pattern.
Bitrue has publicly supported XRP since launching in 2018 and says it became the first exchange to make XRP a base trading currency, allowing users to trade other assets directly against XRP.
The platform also says it operates an XRPL validator and refused to delist XRP during the SEC lawsuit against Ripple.
Ripple itself highlighted Bitrue’s XRP-focused strategy in 2020, with Bitrue CEO Curis Wang explaining that the exchange made XRP central to its platform because of its intended utility in cross-border payments.
Bitrue’s support has frequently extended into price-related social posts.
Bitrue had also previously encouraged uncertain investors to “go all-in” on XRP.
The latest “now’s ur chance” comment therefore continues an established pro-XRP stance rather than representing a sudden change in Bitrue’s view.
XRP Is Testing a More Difficult Market Setup
The timing is nevertheless notable.
XRP closed Nov. 5 around $1.2056 after falling more than 7% during the session. The selloff brought price back toward the October floor around $1.20, with the latest market action briefly dipping below that region.
That means Bitrue’s buying message arrives while XRP is still facing measurable downside risk rather than after a confirmed reversal.
Bybit Has Also Expanded Its Ripple and XRP Connections
Another major exchange, Bybit, has separately increased its exposure to the Ripple ecosystem during 2026.
In August, Bybit expanded an RLUSD Hold & Earn program in partnership with Ripple, allowing users holding Ripple’s stablecoin to receive rewards in both RLUSD and XRP. Bybit said the initial program accumulated more than $50 million in assets under custody within 11 days.
The partnership has since progressed through additional phases. Bybit launched Phase 4 in October with a 1.3 million XRP reward pool, with the program explicitly described as powered by Ripple.
Bybit has also launched XRP-focused yield products through Doppler Finance, including fixed-term products designed to generate returns on XRP without native staking.
These initiatives are separate from Bitrue’s latest price comment, but they illustrate how major exchanges continue building products around XRP and Ripple-linked assets even as XRP itself faces significant price volatility.
For the market, the immediate issue remains whether buyers can turn the latest weakness into an actual recovery. XRP must first stabilize around $1.18-$1.20 and reclaim the $1.24-$1.27 region before the short-term structure materially improves.
Meta description: Bitrue tells investors that XRP’s latest decline may be a buying opportunity as XRP falls toward $1.19, continuing the exchange’s long-running pro-XRP stance.
Image caption: Bitrue has again encouraged interest in XRP as price falls toward $1.19, extending years of public support for XRP and the XRP Ledger ecosystem.
XRP is heading for another price drop, with analyst Casi Trades forecasting a decline to around $1.10 after the asset fell below the $1.26 support level.
She noted XRP’s recent recovery above $1.30 failed to gain momentum. With selling pressure returning, Casi expects XRP to move lower and has identified the next short-term support level holders need to watch.
At the time of writing, XRP was trading around $1.19, down 9% in 24 hours, 5.5% over the past week, and 19% over the past month.
The wider crypto market is also under pressure. Bitcoin has dropped 6.22% to around $75,460 after trading above $80,000 just a day earlier. The market-wide sell-off has dragged XRP and several other major cryptocurrencies lower.
Casi Identifies $1.125 and $1.10 as Key XRP Targets
Notably, Casi argues that XRP’s failure to hold above $1.30 confirms that its recent price increase was only a temporary recovery. Now, she highlights the following important price levels:
$1.26: The support level XRP has lost, weakening its short-term outlook.
$1.125: The next short-term support level.
$1.10: Her primary downside target.
$0.87: A deeper price target if the correction continues.
Her TradingView chart uses Fibonacci levels to support this outlook. The analysis points to a decline to $1.10 before XRP completes its current correction, which she identifies as Wave 2.
Casi expects further downside before XRP reaches a market bottom. Her analysis points to $1.10 as the next major level to watch, with $0.87 as a deeper downside target. For context, XRP hit a cycle low of $0.93 in August and surged nearly 2X shortly after.
XRP Needs a Clear Signal That the Decline Is Ending
Although Casi expects another decline, she is also watching technical signals that could indicate a market reversal. One important signal is bullish RSI divergence.
This occurs when XRP’s price records a lower low while the Relative Strength Index (RSI) forms a higher low. The pattern indicates weakening selling pressure and signals a potential price reversal.
If bullish RSI divergence forms around $1.10, Casi views it as confirmation that XRP’s current correction is approaching its final stage.
Analyst Warns Investors Not to Panic During the Drop
Casi has also urged investors to prepare for another wave of selling pressure. She expects the decline to intensify market fear, with investors interpreting the price drop as a sign of a much deeper crash.
Negative sentiment could spread across the market, prompting some XRP holders to panic and sell near the eventual bottom. However, she views the correction as part of a broader market cycle that sets the stage for XRP’s next major upward move.
For now, traders are focusing on two key developments:
Whether XRP drops into the $1.125–$1.10 support zone.
Whether bullish RSI divergence emerges, signaling that selling pressure is fading and the correction is nearing its end.
In simple terms, Casi forecasts another XRP decline toward $1.10 before the next major recovery. The immediate focus remains on the $1.125–$1.10 support zone, while $0.87 stands as the deeper downside target if selling pressure intensifies.
Cardano’s month-long decline has been accompanied by persistent aggressive selling in the perpetual futures market, with ADA taker sellers exceeding taker buyers by approximately $116.7 million over the past 30 days.
EdgeorNot’s cumulative volume delta data shows ADA falling 28.6% over the same 30-day period, while sellers continued initiating more trades than buyers across Binance, OKX and Hyperliquid perpetual markets.
ADA currently trades near $0.183, down about 6.7% over the latest 24 hours, putting the $0.18 region under renewed pressure.
ADA Selling Pressure Persists Across Multiple Timeframes
The 30-day CVD reading is not an isolated result.
Over the past seven days, ADA recorded approximately $12.6 million more taker selling than taker buying, while price declined 4.8%. The latest 24-hour CVD series shows another $9.7 million net taker-selling imbalance alongside a roughly 7% price decline.
Cumulative volume delta measures which side is initiating trades with market orders. A negative reading does not mean more ADA was sold than bought—every completed trade contains both sides. Instead, it shows that sellers have been more willing to cross the spread and accept available bids.
The continued negative reading therefore confirms that aggressive sellers have been driving much of Cardano’s recent futures activity.
The derivatives structure becomes more interesting below current price.
EdgeorNot’s liquidation model places the largest modeled long-liquidation cluster beneath ADA near $0.1744, where roughly $1.9 million in leveraged longs could face liquidation.
Nearby concentrations also appear at $0.1749, $0.1738, $0.1723 and $0.1718.
These are modeled liquidation zones rather than publicly disclosed stop orders, and they do not establish that ADA must trade there.
However, a sustained break beneath $0.18 while CVD remains strongly negative would put price closer to this dense $0.174-$0.172 leverage pocket. Forced closures could then add to existing sell pressure.
Holding $0.18 Despite Selling Would Tell a Different Story
The opposite scenario would be equally important.
If CVD continues falling while ADA holds around $0.18, it would suggest that passive buyers using limit orders are absorbing aggressive market selling.
That would not automatically confirm a bottom, but it would create a potential divergence between price and order flow.
For a more constructive short-term setup, ADA would need to defend the $0.18 region while the negative CVD begins moderating. A recovery toward $0.19-$0.20 with improving taker flow would provide stronger evidence that selling pressure is being absorbed.
For now, the next observable test is straightforward: continued negative CVD combined with a loss of $0.18 would expose the $0.174 liquidation region, while ADA holding $0.18 despite aggressive selling would signal that buyers are absorbing supply.
Bitcoin holds $75,625 at the close as NEAR breaks support and Injective gains. November 6 price analysis tracks BTC, XRP, NEAR, INJ and HYPE on daily charts.
Asset
Latest USD price
Past 24 hours
24-hour market volume
Market-cap rank
Bitcoin (BTC)
$75,810
−5.84%
$44.18 billion
1
XRP
$1.21
−7.75%
$2.31 billion
5
NEAR Protocol (NEAR)
$3.69
−8.86%
$608.44 million
21
Injective (INJ)
$8.36
+3.74%
$175.42 million
81
Hyperliquid (HYPE)
$77.58
−7.45%
$1.24 billion
11
Bitcoin erases Wednesday’s gain on heavier volume
Bitcoin fell 5.55% on Thursday, more than reversing Wednesday’s 4.02% gain. The session high of $80,827.60 fell short of Wednesday’s $81,179.60. By the close, Bitcoin had also lost the $77,969.80 level it had recovered during the rally.
Bitcoin traded down to $75,100 on 2.41 times its recent average volume but closed back above Wednesday’s $75,625 low.
Thursday’s Bitcoin analysis identified a daily close below $75,625 as the condition that would invalidate Wednesday’s reversal. Sellers pushed Bitcoin $525 beneath that level intraday, setting a 30-session low. They did not keep it there through the close. Friday’s early price of $75,810 left just $185 above that threshold.
Trading was heavier on the decline than on the preceding rally. Approximately 5,103 BTC changed hands in the spot USD pair, against 4,498 BTC on Wednesday and an average of about 2,114 BTC over the preceding 20 sessions. That puts Thursday’s turnover at 2.41 times its recent average.
A daily close above $77,969.80 would be the first sign that buyers can recover lost ground; $80,827.60 would be the next test. A close below $75,625 would meet the earlier downside condition. Below Thursday’s $75,100 low, September 15’s $74,891.50 low is the next nearby reference.
XRP falls back toward $1.20 as momentum weakens
XRP fell 7.55% on Thursday to close at $1.20560. Its $1.19797 low came within $0.00112 of the October 30 low at $1.19685. The final four-hour candle accounted for the last leg of the decline, opening at $1.24300 and finishing near the day’s low.
XRP’s daily RSI fell to 35.71 as price tested $1.20; Thursday’s low remained just above the October 30 low of $1.19685.
Wednesday’s $1.30409 close had carried XRP above the $1.28923 resistance discussed in the November 4 report. Thursday erased that breakout. XRP finished below both $1.24333 and $1.23364, two levels that had supported it earlier in the week. The October floor is now the more consequential test.
The 14-day Relative Strength Index, calculated using Wilder smoothing, fell from 47.97 to 35.71. Four-hour RSI finished lower still at 32.14. Both readings show that losses have outweighed gains, though neither had crossed the conventional oversold threshold of 30.
A recovery above $1.23364 would reclaim Monday’s low. A daily close above $1.24333 would give buyers a better chance of retesting $1.27214. In the other direction, a daily close below $1.19685 would confirm a break of the October floor that Thursday’s selloff narrowly avoided.
NEAR closes below Wednesday’s low but inside its lower band
NEAR gave back Wednesday’s recovery in a single session. It fell 8.77% to $3.6547 after trading between $3.6201 and $4.0741. The close below $3.6806 invalidated the prior day’s reversal. Friday’s early price of $3.69 was back above that level, but the new daily session had not closed.
NEAR closed below Wednesday’s $3.6806 low but above its $3.6357 lower Bollinger Band after a brief move beneath it.
NEAR’s Bollinger Bands show how close it came to a second breakdown signal. Using a 20-day simple moving average and two population standard deviations, the lower band stood at $3.6357 at Thursday’s close. Price traded below that value intraday but finished just inside the band. The break of Wednesday’s price support was confirmed; a daily close outside the band was not.
The midpoint also fell, from $4.5653 to $4.4950, as Thursday marked a fresh 30-session low. A daily close back above $3.6806 would repair the first break, but the stronger test is $3.9001, the October 30 low that buyers briefly recovered on Wednesday. Above it, Thursday’s $4.0741 high stands in the way. A close below $3.6201 would extend the decline and invalidate Friday’s early attempt to regain support.
Injective clears $8.079 as both daily averages rise
Injective posted a third consecutive daily gain, closing Thursday at $8.144, up 2.57%. Its $7.774 low held above Wednesday’s $6.998 low, and its close exceeded Wednesday’s $8.079 high. The advance reached $8.577 before retreating, leaving the October 27 high of $8.281 unclaimed at the daily close.
INJ closed above Wednesday’s $8.079 high and both rising daily averages, but its move through $8.281 did not hold through Thursday’s close.
The 20-day exponential moving average rose to $7.707 from $7.661, while the 50-day EMA rose to $7.424 from $7.395. The faster average was already above the slower one. Thursday’s improvement came from price clearing the previous high and holding above both rising averages, rather than from a new crossover.
At $8.36 early Friday, INJ had moved back above $8.281. A daily close there would confirm the move that buyers could not sustain Thursday. A subsequent close above $8.577 would bring September’s $8.695 swing high into view. A close back below $8.079 would surrender the breakout; loss of Thursday’s $7.774 low would put the rising 20-day average to the test.
Hyperliquid loses $78.08 as its daily trading range widens
HYPE closed Thursday at $76.55, down 8.58%. It fell through Wednesday’s $81.00 low and finished below $78.08, the low of the October 29 session when HYPE rallied as high as $97. Friday’s early recovery to $77.58 had yet to regain even the bottom of that range.
HYPE closed near the bottom of an $8.75 session range as 14-day average true range rose to $5.33; October support at $74.33 remains intact.
Thursday’s $76.09–$84.84 range spanned $8.75, compared with a 14-day average true range of $5.07 entering the session. Wilder’s average true range rose to $5.33 by the close. The indicator measures the size of moves in either direction. Here, the close just $0.46 above the low shows which side controlled the expanded range.
A daily close back above $78.08 would recover the first broken support. Regaining $81.00 would carry more weight because it would put HYPE back inside Wednesday’s range, with Thursday’s $84.84 high the next hurdle. A close below $76.09 would instead expose the October 24 low at $74.33. Losing that level would extend the decline beyond the lowest price of the last 30 completed sessions.
XRP remains heavily exposed to downside liquidations, with substantially more leveraged longs positioned below the market than shorts sitting above it.
At the Nov. 6, 04:46 UTC snapshot, XRP traded at $1.2047, while a five-exchange liquidation model covering Binance, Bybit, OKX, Gate and Hyperliquid estimated $123.4 million in long-liquidation exposure within 5% below price.
By comparison, modeled short-liquidation exposure within 5% above XRP stood at only $22.1 million.
That leaves approximately 5.6 times more leveraged long exposure below spot than short exposure above, based on our calculation.
$1.1953 Is XRP’s First Major Liquidation Level
The nearest downside cluster sits at $1.1953, only 0.78% below the $1.2047 reference price.
The model estimates approximately $11.8 million in long liquidations around this level.
XRP’s liquidation map shows roughly 5.6 times more modeled long exposure within 5% below spot than short exposure above, with $1.1953 marking the nearest major cluster.
Below that, the concentrations become increasingly important:
$1.1846: approximately $10.6 million
$1.1600: approximately $10.8 million
$1.1325: approximately $17.3 million
$1.1291: approximately $22.9 million
The $1.1291 region contains the largest individual downside cluster in the displayed model.
However, it sits 6.27% below the reference price, meaning it is outside the model’s $123.4 million calculation for exposure located within 5% of spot.
This produces a stair-step downside structure.
A break below $1.1953 would put $1.1846 into focus first. Continued weakness could then expose $1.16 before the heavier $1.13-$1.12 region becomes increasingly relevant.
The downside imbalance remains notable because leveraged longs have already absorbed substantial liquidations.
Alpha Finance estimated approximately $17.1 million in XRP long liquidations over 24 hours, compared with only $522,300 in short liquidations.
That means long liquidations were nearly 33 times larger than shorts during the period, based on our calculation.
Despite that wipeout, substantial modeled long exposure remains below the current market, showing that the latest deleveraging has not completely removed downside liquidation risk.
Short Liquidation Clusters Are Much Smaller Above XRP
The upside side of the map is considerably lighter.
The largest modeled short-liquidation cluster shown above price sits at $1.2541, approximately 4.1% above spot, with an estimated $3.8 million at risk.
Additional short clusters appear around:
$1.2578: $2.7 million
$1.2768: $3.2 million
$1.2807: $2.6 million
$1.3000: $2.9 million
A recovery into the $1.25-$1.28 region could therefore begin forcing some short positions to close, but the available liquidation fuel above price remains much smaller than the modeled exposure below.
The liquidation structure does not mean XRP must fall toward the largest clusters.
These levels are modeled estimates, not publicly disclosed stop orders. Exchanges do not provide complete data on each trader’s leverage, entry price, margin mode or exact liquidation point.
Still, the map shows where forced selling could become increasingly concentrated if price continues lower.
A break below $1.1953 would place XRP directly into the nearest long-liquidation pocket. Continued selling could then expose $1.1846 and $1.16, with the heavier $1.13-$1.12 zone further below.
Conversely, a recovery through $1.2541-$1.28 would move XRP away from the densest long exposure and begin putting pressure on leveraged shorts.
For now, $1.19 is the immediate liquidation test, while $1.25-$1.28 remains the first region XRP must reclaim to materially improve the short-term derivatives setup.
The XRP Ledger’s native Lending Protocol has gained two additional validator votes, pushing support to 21 of 35 trusted validators, or 60%, as one of XRPL’s most consequential DeFi upgrades moves closer to the required supermajority.
XLS-66 needs 29 of 35 validators to vote in favor before it can enter the mandatory two-week majority period. That leaves the LendingProtocol amendment eight Yes votes short of the threshold.
XLS-66 would introduce native, fixed-term, uncollateralized lending directly on the XRP Ledger.
Rather than relying on an external smart-contract lending platform, pooled capital would sit inside Single Asset Vaults. Loan terms, servicing and repayments would then be handled through XRPL‘s protocol-level lending infrastructure.
Credit assessment would remain off-chain. Underwriters would determine borrower creditworthiness and loan terms, while the ledger would handle execution once those terms are agreed.
The design also includes first-loss capital that can absorb losses before senior liquidity providers, providing an additional layer of protection for depositors.
For XRP, the upgrade could create another use for capital that would otherwise remain idle. Ripple has said XRP can be borrowed and lent through the lending infrastructure, alongside other supported assets.
That is why native lending has emerged as a major part of XRPL’s push beyond payments and settlement into credit markets.
Single Asset Vault Also Needs Validator Approval
XLS-66 does not operate alone.
The Lending Protocol depends on Single Asset Vaults under XLS-65, which aggregate capital from multiple depositors before those funds can be deployed into loans.
Current validator data shows SingleAssetVault further ahead at 23 of 35 votes, or 65.7%. LendingProtocol itself stands at 21 of 35.
Both components therefore still require approval before the full native lending stack can become operational.
An XRPL amendment does not activate immediately after reaching the required vote count.
The network requires more than 80% of trusted validators to maintain support continuously for two weeks. With 35 validators currently participating, that means at least 29 Yes votes are required. If support later falls to 80% or below during the two-week period, the timer resets.
For LendingProtocol, the next milestone is therefore clear: eight additional validators must move to Yes before the 14-day activation countdown can begin.
If XLS-65 and XLS-66 ultimately activate, XRPL would gain native infrastructure for pooling capital and extending underwritten credit—opening a new lending and liquidity layer directly on the network.
XRP analyst ChartNerd has shared a long-term chart showing how XRP performed during previous market cycles, noting that these movements offer clues about its next major rally.
This came in a post on X, where he encouraged investors to look at the bigger picture. Specifically, he said, “Zoom out on XRP.”
The chart highlights XRP’s previous rallies and declines, along with Fibonacci levels suggesting the asset could rise above $8 in the long term.
XRP Historical Cycles Show Massive Rallies and Corrections
ChartNerd’s chart tracks XRP’s price movements from 2014 through 2026, highlighting three major bullish phases and their subsequent corrections.
The first major rally occurred between 2017 and 2018, recording an extraordinary gain of 111,098%. However, XRP subsequently experienced a 96.66% correction before beginning another major upward move.
The next bullish phase spanned 2020 to 2021 and delivered a 1,674% gain. Similarly, XRP later suffered another substantial correction, falling by 85.41%.
More recently, the chart highlights a 1,202% rally between 2022 and 2025. XRP has since declined by 71.70%, marking another significant correction in its historical cycle.
These movements illustrate how XRP has experienced substantial gains followed by deep pullbacks throughout its trading history.
XRP Historical Price Chart by ChartNerd Showing 3 Phases of Bull Cycles and Bear Markets
ChartNerd’s XRP Price Targets Reach $27
Beyond comparing historical cycles, ChartNerd’s chart includes three Fibonacci extension levels that outline potential upside targets for XRP.
The first level is the 1.272 Fibonacci extension, which sits at $8.38. The next target is $13.55, corresponding to the 1.414 extension. Meanwhile, the 1.618 Fibonacci extension places XRP’s highest projected target at $27.06.
An upward-curving arrow on the chart illustrates the analyst’s long-term bullish outlook, suggesting that he expects XRP to rise significantly over time.
However, these Fibonacci extensions represent technical price projections, not guarantees. XRP would still need to overcome several market challenges to reach these levels.
XRP “Current Dip Is an Opportunity”
Amid the wait, ChartNerd has also encouraged XRP investors not to panic over the recent price decline as XRP falls to $1.20. He advised those who bought at higher prices to learn from the experience and avoid making decisions based on unrealistic price predictions.
He also suggested that investors use the current dip as an opportunity to lower their average buying price, adding that the opportunity might not last much longer.
In another post, ChartNerd pointed out that XRP has experienced declines of more than 70% only five times in its history, with 2026 marking the fifth occurrence.
According to the analyst, these major declines have historically been followed by strong recoveries. He believes the current correction will set the stage for another significant rally.
