XRP drops below its 50-week EMA after failing to reclaim $1.52, while XRP ETFs post inflows
XRP slipped below its 50-week EMA after failing to reclaim $1.52, trading near $1.40, as ChartNerd flags a 2022-style base and SoSoValue data show XRP ETF inflows.
Why it matters
The 50-week average is the level ChartNerd had flagged beforehand, and XRP is trading below it after a failed reclaim at $1.52. ETF flows point away from the rest of the market, with Crypto News citing SoSoValue data showing XRP ETFs taking net inflows while BTC and ETH ETFs saw outflows, and Evernorth's completed merger with Armada II moving XRP held in its treasury into public markets. The CryptoSlate pieces argue that the headline supply figures people quote for XRP do not measure near-term buying, which limits what those numbers can show.
Where the sources disagree
ChartNerd's near-term direction for XRP
warned that XRP will continue falling in the coming months
The Crypto Basic, Crypto News (CryptoNews.net)
said the pattern is not necessarily bearish and could be a positive sign
The Crypto Basic, Crypto News (CryptoNews.net)
On September 29 he expected XRP to rise after a higher low formed, and by October 9 he was warning of continued decline.
Key facts
XRP fell below its 50-week exponential moving average after failing to break back above $1.52.
1.52 USDReported by The Crypto Basic
XRP was down 3.4% over the previous 24 hours.
3.4 %Reported by The Crypto Basic
XRP was down 6.12% over the previous week.
6.12 %Reported by The Crypto Basic
XRP broke below $1.50 while the broader crypto market was selling off.
1.5 USDReported by Crypto News (CryptoNews.net)
SoSoValue data cited by AMBCrypto showed XRP ETFs taking net inflows while BTC and ETH ETFs recorded outflows.
Reported by Crypto News (CryptoNews.net)
Evernorth completed its SPAC merger with Armada II, moving XRP held in its treasury and gross cash proceeds into the public markets.
Reported by Crypto News (CryptoNews.net)
CryptoSlate argued in two explainers that tracked exchange balances and the stablecoin base on the XRP Ledger do not measure how much XRP is available for buyers.
Reported by CryptoSlate
What happened
The Crypto Basic reported, and Crypto News republished, an analysis in which ChartNerd said XRP was rejected at its 50-week exponential moving average after failing to break back above $1.52, with the token near $1.40, down 3.4% over 24 hours and 6.12% over the week. ChartNerd called the setup a 'higher low base' resembling 2022, warned that XRP will keep falling in the coming months, and said the outlook improves if the token moves back above the 50-week average. Two CryptoSlate explainers take a different angle, arguing that tracked exchange balances and the stablecoin base on the XRP Ledger do not show how much XRP is available to buy. A later Crypto News report, citing AMBCrypto and SoSoValue, says XRP ETFs took net inflows while BTC and ETH ETFs saw outflows, and points to Evernorth's completed SPAC merger with Armada II. ChartNerd's own account does not line up: on September 29 he expected XRP to rise after a higher low formed, and by October 9 he was warning of continued decline while also saying the pattern is not necessarily bearish.
How the story developed
- First report
First report by CryptoSlate
Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for sale
- Update
CryptoSlate publishes two supply-side explainers arguing headline figures do not show XRP buying pressure
One piece covers tokens held in exchange-attributed wallets and two fund disclosures, the other covers tracked stablecoins on the XRP Ledger.
- Update
ChartNerd says XRP has been rejected at the 50-week EMA after failing to reclaim $1.52
XRP traded near $1.40, down 3.4% over 24 hours and 6.12% over the week, and ChartNerd described a 'higher low base' similar to 2022.
- Update
Evernorth completes its SPAC merger with Armada II
The merger brings XRP from Evernorth's treasury and gross cash proceeds into the public markets.
- Update
SoSoValue data cited by AMBCrypto show XRP ETF inflows while BTC and ETH ETFs see outflows
The same report notes XRP has broken below $1.50 during a broader risk-off move.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 8 Oct 2026, 19:40 UTC: CryptoSlate — 1 independent source, 1 reports
- 9 Oct 2026, 04:50 UTC: The Crypto Basic — 2 independent sources, 3 reports
- 9 Oct 2026, 05:14 UTC: Crypto News (CryptoNews.net) — 3 independent sources, 4 reports
- 10 Oct 2026, 22:19 UTC: Crypto News (CryptoNews.net) — 4 independent sources, 5 reports
Affected entities
Also mentioned: Ethereum, Binance, Coinbase, Tether USDt, Brazil
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CryptoSlate Crypto media | Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for sale | Original | |
| CryptoSlate Crypto media | XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need | Independent | |
| The Crypto Basic Crypto media | XRP Is Repeating 2022 Pattern After Rejection at 50-Week EMA | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | XRP Is Repeating 2022 Pattern After Rejection at 50-Week EMA | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | XRP price slips below $1.50 – Can ETF demand fuel a recovery? | Syndicated |
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