XRP Price Up on Upcoming Ripple Ledger Fix, Volume Support
Ripple (XRP) price is up 2.07% to $1.27 on Wednesday, closely tracking a broader market rebound and sector-wide gains, driven by a risk-on shift across crypto and Bitcoin.
Traders said the move aligns more with beta and positive sentiment in the Layer 1 and regulatory-clarity narratives. XRP moved in lockstep with Bitcoin and the total crypto market cap, which gained 1.8%.
Crypto exchange data showed XRP’s 2.07% gain closely mirrored Bitcoin’s 1.83% rise and the total crypto market cap’s 1.8% increase, suggesting a classic beta-driven move.
The broader market lifted on modest sentiment improvement, though the provided context did not pinpoint a specific macro driver like election results or Fed policy shifts.
This suggests XRP’s short-term direction remains heavily tied to overall crypto market flows, not isolated developments. Bitcoin’s ability to sustain above $78,000; a rejection there could pull XRP back down.
Spot trading volume surged 48.6% to $2.17B, confirming the price move with higher participation. On-chain data showed 7,934 new XRP wallets created on November 1, the sixth-highest daily count in 2026, suggesting underlying interest despite price weakness.
The volume spike supports the uptick, while wallet growth suggests accumulation or defensive positioning, possibly linked to the recent Binance hack.
The immediate catalyst is the scheduled activation of fixCleanup3_4_0 at 14:46 UTC on November 4, which patches a token-minting flaw in the XRP Ledger’s permission delegation.
While this is a technical improvement, it may bolster institutional confidence in the network’s security. The outlook is cautiously constructive if XRP holds the $1.23–$1.27 range.
A decisive four-hour close above $1.27 could open a path toward the 200-day exponential moving average near $1.38. Conversely, a break below $1.23 support risks a retest of the $1.20 swing low.
Traders said they are monitoring the market’s reaction to the ledger fix and whether XRP can decouple from Bitcoin if sector rotation toward digital-commodity narratives accelerates.
XRP’s gain is primarily a beta-driven bounce within a recovering market, amplified by strong volume and steady network growth. The upcoming ledger fix adds a positive technical overlay but won’t directly drive demand. XRP Holds Firm as Ripple Gains Institutional Custody Via BNY
