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Ahmed Barakat
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XRP whales are accumulating millions of tokens while US spot exchange-traded funds (ETFs) continue bleeding capital. Large holders added 65.32 million XRP worth $72 million at the current price over four days. Meanwhile, ETF investors withdrew roughly $18 million across two consecutive sessions.
The conflicting signals arrive as XRP trades near $1.04, struggling to recover from its latest correction. The token has fallen 35% from its October high at the $1.60 level, putting bullish expectations under serious pressure.
However, crypto analyst Dark Defender is sticking with an ambitious $10.11 XRP price target. His Elliott Wave projection outlines a potential recovery toward double-digit territory, despite deteriorating market conditions.
XRP Whales Accumulate $72M as ETF Outflows Accelerate
Data shows that large XRP holders accumulated 65.32 million tokens between November 7 and November 11. The purchases were worth nearly $72 million at prevailing market prices.
The accumulation stands in sharp contrast to institutional investment activity. US spot XRP ETFs recorded approximately $10.4 million in net outflows on November 9, followed by another $7.6 million on November 10. That brings combined withdrawals to $18 million across two sessions. Grayscale’s GXRP accounted for most of the November 10 outflow, shedding $7.2 million.
Are larger holders positioning for a recovery while ETF investors reduce their exposure? Maybe, but the growing appetite among large wallets shows that some investors are treating the correction as an opportunity, and not abandoning the XRP ship.
The technical picture remains difficult. XRP’s 14-day Relative Strength Index (RSI) has dropped to approximately 23, placing the token deep inside oversold territory. Its Moving Average Convergence Divergence (MACD) also remains negative.
The next major support sits around $0.9852, corresponding with the August low. Losing that level could expose XRP to another wave of selling pressure.
Discover: The Crypto Presales This Q4 2026
Bitcoin Hyper Presale Nears November 26 Launch as Investors Chase Bigger Upside
While XRP investors wait for a potential recovery toward $10.11, smart money is looking for earlier opportunities in smaller-cap crypto projects. Bitcoin Hyper ($HYPER) is positioning itself as one alternative, with its presale approaching its expected November 26 launch.
The project has raised more than $32 million, with tokens currently priced at just $0.0137. Its planned Bitcoin Layer 2 infrastructure aims to combine Bitcoin’s security with Solana Virtual Machine (SVM) execution, bringing faster transactions and smart contract functionality into the Bitcoin ecosystem.
The investment argument is straightforward: XRP already commands a substantial market capitalization, making another explosive multiplication increasingly demanding. Even a return to its previous all-time high would offer less than 4x upside from current prices. Bitcoin Hyper, starting from a much smaller valuation, has more room for substantial percentage gains if adoption and liquidity develop.
HYPER holders can also stake their tokens for advertised rewards of up to 35% APY. That gives early participants another potential source of returns while waiting for the project to launch and develop its ecosystem.
The November 26 launch deadline gives us limited time to secure tokens at the current quoted price before the project moves into its next phase. With $32 million already raised, Bitcoin Hyper is attracting attention from traders searching for opportunities beyond established large-cap coins.
For XRP holders watching their potential upside narrow, HYPER presents a very different risk-and-reward proposition: a smaller starting valuation, staking incentives, and an upcoming launch that could put its growth thesis to an early test.
Gain Access to New Bitcoin Layer 2 Early Before the Presale Window Ends In 2 Weeks
Can Dark Defender’s $10.11 XRP Price Target Survive?
Dark Defender’s bullish outlook offers a striking contrast to XRP’s current weakness. The analyst mapped out an Elliott Wave structure with a potential Wave 3 target of $10.1101. His projected sequence included an advance toward $7.07, followed by a Wave 4 correction near $4.10 before another rally toward $10.11.
The analyst subsequently reaffirmed his chart structure on November 6, underlining $1.21 and $1.12 as important support levels. But XRP now trades below both levels, creating a serious challenge for the bullish setup. The token would need to reclaim these areas before the projected recovery gains stronger technical support.
XRP USD, TradingView
At approximately $1.04, XRP would need to climb around 869% to reach $10.11. Such a move would require considerably stronger demand, renewed market confidence, and a sustained recovery across the cryptocurrency market.
If large holders continue absorbing available supply, XRP could eventually find enough buying pressure to stabilize. But persistent ETF redemptions and a failure to reclaim former support could leave the $10.11 projection looking increasingly distant.
Discover: The Crypto Presales This Q4 2026
