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Whale Surge vs ETF Exodus: XRP's $1 Floor Under Live Test | Nov 9-10
Audio is available on Spreaker — see link below.
XRP holds at $1.04 as spot ETFs bleed $18M in two days while whale wallets hit yearly highs — the floor is being tested in real time. Today's briefing breaks down the Evernorth XRPN crash, XRPL Testnet reset confusion, and the key signals that decide what comes next.
Audio is available on Spreaker — see link below.
XRP is sitting at one dollar and four cents, and the question right now isn't whether it's oversold. It clearly is.
The pressure driving this test comes from two directions. Bitcoin dropped two point one percent to seventy-three thousand six hundred and ninety-eight dollars, and XRP fell nearly twice as hard, losing three point nine percent.
Here's the important distinction. What's happening on-chain doesn't match what's happening in ETF redemption data.
Evernorth, the XRP treasury company trading under the ticker XRPN, dropped twenty-four percent after an SEC resale filing freed seventy-three point seven million shares for sale. The stock fell from ten dollars and forty-one cents to seven dollars and ninety-six cents.
On the technical side, the daily RSI is near twenty-three. That's deeply oversold territory.
The next few days come down to two signals. The first is whether XRP closes a full week above one dollar.
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