- RLUSD transfer volume on the XRP Ledger rises 900% from $2.2 billion in January to $20.1 billion in October.
- Ali Charts identifies $1.14 as critical support, with a potential 13% XRP rebound toward $1.30 if it holds.
- XRP holder count reaches 8.31 million, but the price remains below its 50-day and 200-day moving averages.
XRP faces continued selling pressure despite rising network adoption, as its holder count reaches 8.31 million. However, analyst Ali Charts sees a potential 13% rebound toward $1.30 if $1.14 support holds. Meanwhile, Ripple’s RLUSD transfer volume on the XRP Ledger has climbed 900% in 2026, according to Token Relations.
RLUSD Transfers Climb to $20.1 Billion
Token Relations reported that RLUSD transfer volume on the XRP Ledger increased from $2.2 billion in January. By October, the figure had reached $20.1 billion, representing a 900% increase.
Additionally, RLUSD accounts for 91% of the XRP Ledger’s approximately $976 million stablecoin market. The figures highlight the stablecoin’s growing share of activity on the network.
Ali Charts Identifies $1.14 as Critical Support
Meanwhile, Ali Charts identified a potential recovery setup after XRP reached the lower boundary of its descending channel. The analyst said holding $1.14 could open a move toward the upper boundary near $1.30. That recovery would represent approximately 13% from current levels.
However, XRP’s broader performance remains weak. The token has fallen from approximately $1.48 on May 9 to $1.085 on November 9, 2026. Selling pressure intensified in late October and early November after XRP struggled around $1.30.
Holder Growth Contrasts With Weakening Price
XRP’s holder count increased from approximately 7.83 million in May to 8.31 million. However, the price decline continued despite this expansion. Meanwhile, daily active addresses spiked around August 27–28 during a sharp price movement.
Activity later normalized, with the latest reading reaching approximately 33,100 addresses. Technically, XRP trades below its 50-day moving average near $1.22 and its 200-day average around $1.30. Both averages now represent potential resistance.
The immediate support zone is between $1.08 and $1.06. A breakdown could expose $1.00, while $1.22 remains the first major resistance. Above that level, $1.30 represents the next barrier. Reclaiming both moving averages would improve XRP’s technical position.
