TheCryptoBasic

$XRP Ledger Overtakes #Ethereum in October $RLUSD Transfer Volume, Processing Over $20 Billion.

The XRP Ledger recorded $20.056 billion in RLUSD transfer volume in October 2026, surpassing Ethereum’s $15.449 billion for the first time in the reported monthly comparison. XRPL accounted for 56.4% of the combined $35.506 billion in transfers, while Ethereum contributed 43.6%. This is notable because Ethereum holds 67.2% of RLUSD’s total supply, compared with just 32.7% on the XRP Ledger.

The shift follows months in which Ethereum maintained higher monthly transfer volumes. XRPL also has a larger RLUSD holder base, with approximately 67,700 holders compared with Ethereum’s 13,000. However, Ethereum still leads in cumulative transfer volume, with $139.8 billion compared with XRPL’s $87.4 billion. November’s figures will show whether the XRP Ledger can maintain its monthly lead.
thecryptobasic.com/2026/11/09/xrp…

#Cardano Sees $2.1M in Liquidations, With 99% Coming From Long Positions, as $ADA Loses $0.1762 Support.

Cardano’s latest decline has put leveraged long traders under pressure, with ADA falling to $0.1722 after losing the $0.1762 daily support level. Over the past 24 hours, approximately $2.1 million in ADA positions were liquidated across Binance and Bybit. Nearly 99% of those liquidations came from long positions, while short liquidations accounted for only around $27,000. At the same time, open interest across the two exchanges fell 4.5% to $98.4 million, suggesting that traders are closing or being forced out of leveraged positions as prices decline.

Despite the liquidation wave, ADA’s total open interest across Binance, Bybit, OKX, Gate, and Hyperliquid remains around $206.4 million. This shows that substantial leveraged positions are still in the market. ADA’s next support levels are $0.1705 and $0.1658, while a recovery would require reclaiming $0.1762, followed by resistance at $0.1809 and $0.1827.
thecryptobasic.com/2026/11/09/car…

#Cardano Shows a Surprising Derivatives Trend as 65% of Binance $ADA Accounts Remain Long Despite Negative Funding.

Cardano’s derivatives market is showing a contrast between trader positions and funding rates. On November 9, around 65% of Binance ADA perpetual accounts held long positions, while top traders had approximately 63% of their total positions on the long side. However, Binance funding turned negative at around -0.0067%, meaning short traders were paying those holding long positions. ADA was trading near $0.18, with Binance open interest standing at approximately $56.2 million.

Negative funding is widespread, with six of nine exchanges recording negative ADA rates. Bybit had the lowest rate at -0.0113% per eight hours, followed by Hyperliquid at -0.0103% and Binance at -0.0064%. Despite negative funding rates, most Binance ADA traders continued to hold long positions.
thecryptobasic.com/2026/11/09/car…

#Flare Co-Founder Hugo Philion Says $XRP Needs More Than Ripple to Drive Its Growth

Flare co-founder Hugo Philion has pushed back against criticism that questions XRP’s value based on Ripple’s actions, arguing that the asset should not depend on one company to drive its growth. He believes XRP needs a broader ecosystem that allows holders to put their tokens to work through lending, trading, borrowing, yield opportunities, and collateral. Philion also challenged the community to show why people who do not already own XRP should want to hold it and how the asset can move beyond speculation.

Philion pointed to Flare’s FXRP and Smart Accounts as ways to expand XRP’s role in decentralized finance, including lending, borrowing, and trading. These features allow users to access Flare applications without directly holding FLR for transaction fees, although FLR still powers network activity behind the scenes.
thecryptobasic.com/2026/11/09/fla…

$XRP Records Biggest 24-Hour Loss Among Top 10 Cryptocurrencies, Falling to $1.09.

XRP has recorded the biggest decline among the top 10 cryptocurrencies, falling 6.06% in 24 hours to $1.09, according to CoinMarketCap. Its weekly loss has also reached 12.49%, while its market capitalization stands at approximately $69.46 billion. The decline is steeper than those of Bitcoin, Ethereum, and Solana, which fell 1.94%, 5.06%, and 3.22%, respectively.

XRP is now testing the important $1.09–$1.10 support area. If this level fails, the price could move toward the psychological $1 mark. However, holding this support could help prevent further losses. A recovery toward $1.18–$1.20 would be an important step in improving its short-term price outlook.
thecryptobasic.com/2026/11/09/xrp…