XRP Whales Accumulate 65.32M Tokens While ETFs Bleed $18M; Analyst Targets $10.11

According to data from Xrpscan, large XRP holders accumulated 65.32 million tokens worth approximately $72 million between November 7 and November 11, while U.S. spot XRP ETFs recorded net outflows of $18 million across two consecutive sessions on November 9–10. Grayscale's GXRP accounted for most of the outflow, shedding $7.2 million on November 10.

XRP currently trades near $1.04, down 35% from its October high of $1.60. The token's 14-day RSI has dropped to approximately 23, signaling deep oversold conditions, while the next major support sits around $0.9852. Crypto analyst Dark Defender maintains a bullish Elliott Wave projection targeting $10.11, requiring an 869% gain from current prices. However, XRP must first reclaim key support levels at $1.21 and $1.12, which the token has fallen below, posing a significant technical challenge to the recovery outlook.

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