XRP continues to face selling pressure even as adoption metrics across its network expand, with the token's holder count climbing to 8.31 million. Analyst Ali Charts has mapped out a potential 13% rebound toward $1.30, conditional on the $1.14 support level holding, while transfer volume for Ripple's dollar-pegged RLUSD stablecoin on the XRP Ledger surged 900% in 2026, according to data from Token Relations.

RLUSD Transfer Volume Reaches $20.1 Billion

Token Relations reported that RLUSD transfer volume on the XRP Ledger increased from $2.2 billion in January to $20.1 billion by October, an increase of 900% over the period. Transfer volume measures the total value of a stablecoin moved across a ledger's payment rails, which makes the jump a direct gauge of how much on-chain activity RLUSD is carrying. According to the same figures, RLUSD now accounts for 91% of the XRP Ledger's approximately $976 million stablecoin market, a share that highlights the stablecoin's growing footprint in activity on the network.

Analyst Flags $1.14 as Critical Support

In a post on X, Ali Charts identified a potential recovery setup after XRP reached the lower boundary of its descending channel — a pattern bounded by two parallel, downward-sloping trendlines. According to the analyst, holding the $1.14 level could open a move toward the channel's upper boundary near $1.30 — a recovery that would represent approximately 13% from current levels.

XRP's broader performance, however, 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 to sustain levels around $1.30.

Holder Growth Contrasts With Weakening Price

The number of XRP holders rose from approximately 7.83 million in May to 8.31 million, yet the price decline continued despite this expansion in ownership. Holder counts, which track addresses carrying a positive XRP balance, are commonly used as an adoption gauge, and the combination of a growing holder base and a falling price shows on-chain participation and market performance moving in opposite directions. Daily active addresses spiked around August 27–28 amid a sharp price movement, before activity later normalized, with the latest reading at approximately 33,100 addresses.

From a technical standpoint, XRP trades below its 50-day moving average near $1.22 and its 200-day moving average around $1.30, leaving both averages as potential resistance. Moving averages smooth price data over a set period and are widely used to identify support and resistance zones. The immediate support zone sits between $1.08 and $1.06, and a breakdown below it could expose the $1.00 level. On the upside, $1.22 marks the first major resistance, with $1.30 representing the next barrier. Reclaiming both moving averages would improve XRP's technical position. With RLUSD transfer volume climbing and the holder base expanding even as the price slides, the $1.14 level, the $1.08–$1.06 support zone, and the two moving averages above stand out as the reference points to watch in the sessions ahead.