TheCryptoBasic

$XRP Sentiment Drops to Its Lowest Point Since July as Price Falls Toward $1.18 XRP sentiment has turned sharply negative, reaching its lowest reading since July, according to Santiment. Earlier readings moved around neutral, with periods of slightly positive and negative sentiment. However, the latest price decline pushed sentiment much deeper below zero, showing that negative comments now clearly outweigh positive ones. This shift comes as XRP trades around $1.19–$1.20 after falling more than 7% on November 5 and briefly touching $1.18 on November 6. Despite growing fear, a recovery remains possible if XRP holds the $1.18–$1.20 support range. A potential inverse head-and-shoulders pattern is also developing, but a break above $1.60 is needed to confirm the bullish setup. If support fails, XRP could fall toward $1.10. thecryptobasic.com/2026/11/0…

IonQ (NYSE: $IONQ) Stock Gains 10% After Strong Q3 Results Beat Expectations and 2026 Forecast Rises. IonQ shares climbed around 10% in Friday premarket trading after the quantum computing company reported better-than-expected third-quarter results. Revenue reached a record $173.8 million, up 336% from a year earlier and above analysts’ expectations of $141.7 million. The company also reported an adjusted loss of $0.29 per share, smaller than analysts had expected. IonQ raised its 2026 revenue forecast to $505 million–$515 million from $450 million–$460 million. Its remaining contracted work also reached $1.2 billion. CEO Niccolo de Masi said IonQ has already received enough orders to fill its entire planned production capacity for Superion 256 quantum computers in 2027 and has started receiving orders for 2028. thecryptobasic.com/2026/11/0…

IREN Limited (NASDAQ: $IREN) Stock Jumps 20% as AI Cloud Revenue Surges 182% IREN shares jumped nearly 20% to $21.62 in Friday premarket trading after the company reported a strong increase in revenue from its AI cloud business. AI Cloud revenue reached $200 million in the fiscal first quarter, up 182% from the previous quarter. Overall revenue also increased 66% to $228 million, beating analysts’ expectations of $221.28 million. Its future contracted revenue increased 22% to $20.3 billion, while adjusted earnings (EBITDA) rose to $66 million from $19 million in the previous quarter. IREN now expects to reach its target of more than $4 billion in annualized operating revenue by January 2027, later than previously planned. The company also signed new computing deals, including a five-year agreement with customer payments covering 90% of the estimated GPU costs. thecryptobasic.com/2026/11/0…

$XRP Wallets Holding 1 Million Tokens Reach 2,147, the Highest Level in 2026. The number of XRP wallets holding at least 1 million tokens has reached 2,147, its highest level in 2026, according to analytics platform Santiment. A total of 28 new wallets joined this group over the past 10 days, including 18 in the last three days. This suggests large holders may be accumulating XRP despite the recent price decline. Analyst Ali Martinez also noted that XRP has moved above the upper Bollinger Band on the four-hour chart, pointing to increased buying pressure. Santiment identified $1.20–$1.25 as a key support range for XRP. Meanwhile, the XRP Ledger recorded 7,934 new wallets on November 1, its sixth-highest daily total of 2026. Santiment suggested the recent Binance hack may have encouraged users to move funds into personal wallets. #Ripple thecryptobasic.com/2026/11/0…

Bitrue Signals Buying Opportunity in $XRP as Price Drops to $1.19. Crypto exchange Bitrue has encouraged investors interested in XRP to consider buying during the latest market downturn. In a November 6 post on X, the exchange stated, “If you thought abt buying XRP before, now’s ur chance.” The message came as XRP traded near $1.19, falling from the $1.30 level seen earlier in the week. Bitrue has consistently shown support for XRP since launching in 2018, including maintaining support for the token during the SEC lawsuit. The exchange has also shared several bullish messages in the past, suggesting XRP could be worth $10 and encouraging investors to go all-in. However, its latest comment reflects Bitrue’s positive outlook and does not confirm that XRP has reached a market bottom. #Ripple thecryptobasic.com/2026/11/0…

Analyst Casi Trades Predicts $XRP Drop to $1.10 After Losing $1.26 Support. Casi expects further downside after XRP failed to hold above $1.26 and lost momentum following its brief recovery above $1.30. She identifies $1.125 as the next short-term support level, with $1.10 as her main downside target. XRP was trading around $1.19 at the time of writing, down 9% over the past 24 hours and 19% over the past month. Casi also sees $0.87 as a deeper downside target if the correction continues. However, she is watching for bullish RSI divergence near $1.10, which occurs when price makes a lower low while the Relative Strength Index forms a higher low. This could signal that selling pressure is weakening and XRP’s correction is nearing its end. She views the current decline as part of a broader market cycle rather than the start of a deeper crash. #Ripple thecryptobasic.com/2026/11/0…

#Cardano Taker Selling Exceeds Buying by $116.7M Over 30 Days as $ADA Tests $0.18 Support. Cardano has faced strong selling pressure over the past 30 days, with taker sellers exceeding taker buyers by $116.7 million across Binance, OKX, and Hyperliquid perpetual markets. ADA fell 28.6% during this period. Selling pressure also persisted over shorter timeframes, with sellers outpacing buyers by $12.6 million over seven days and $9.7 million in the past 24 hours. ADA currently trades near $0.183, putting $0.18 support under pressure. If ADA falls below $0.18, the next key level is $0.1744, where around $1.9 million in leveraged long positions could face liquidation. However, if ADA holds near $0.18 despite continued selling, it could indicate that buyers are absorbing the pressure. A recovery toward $0.19–$0.20 alongside stronger buying activity could support a rebound. thecryptobasic.com/2026/11/0…

$XRP Faces $123M in Potential Long Liquidations Below Market, 5.6 Times More Than Short Positions Above. XRP has significantly more leveraged long positions at risk below its current price than short positions above it. A liquidation model covering five exchanges: Binance, Bybit, OKX, Gate, and Hyperliquid estimates that $123.4 million in long positions could be liquidated within 5% below XRP’s price of $1.2047. In comparison, potential short liquidations within 5% above the market stand at just $22.1 million, making long exposure 5.6 times higher. XRP longs have already faced heavy losses, with around $17.1 million in long positions liquidated over the past 24 hours, compared with $522,300 in short positions. If XRP falls below $1.1953, further liquidations could occur around $1.1846 and $1.16, followed by a larger cluster near $1.13. On the upside, a recovery toward $1.25–$1.28 could put pressure on short positions, but the potential liquidation exposure above the market remains much smaller. thecryptobasic.com/2026/11/0…

$XRP Lending Protocol Gains Two Additional Validator Votes, Reaching 60% Support. The XRP Ledger’s native Lending Protocol amendment, XLS-66, has received two more Yes votes from validators, bringing total support to 21 out of 35. It needs 29 Yes votes to reach the required 80% approval level and start a mandatory two-week waiting period. This means it still needs eight more validators to vote in favor. If approved, XLS-66 would allow users to lend and borrow digital assets directly on the XRP Ledger. It would use pooled funds from depositors to provide fixed-term loans, with underwriters assessing borrowers and setting loan terms. The system also depends on XLS-65, which would introduce Single Asset Vaults to pool those funds. XLS-65 currently has 23 of 35 validator votes, or 65.7%, leaving it six votes short of the required 29. #XRPL thecryptobasic.com/2026/11/0…

Analyst ChartNerd Highlights $XRP’s Historical Declines of Over 70% and Projects a Long-Term Rally to $27. ChartNerd has shared a long-term chart showing how XRP has experienced major rallies followed by sharp price declines. XRP gained 111,098% during the 2017–2018 rally before falling 96.66%. It then rose 1,674% in 2020–2021, followed by an 85.41% decline. More recently, XRP gained 1,202% between 2022 and 2025 before correcting by 71.70% Based on Fibonacci extension levels, ChartNerd identifies potential long-term price targets of $8.38, $13.55, and $27.06. He also believes the current decline could present a buying opportunity, noting that XRP has experienced drops of more than 70% only five times in its history. He expects the latest correction to eventually lead to another major rally, although these price targets are not guaranteed. #Ripple thecryptobasic.com/2026/11/0…

The Crypto Basic Daily Edition: What Happened in Crypto on November 5, 2026. Binance and Deribit Disconnect SignalPlus After Security Warning. Payward-Affiliated Fund and Clients Acquire AAVE Tokens. Greece Approves 10% Tax on Cryptocurrency Gains. Canary’s Staked Injective ETF Debuts on Nasdaq. Amundi Brings European Equity Fund Shares to Ethereum. Anchorage Seeks Registration for Crypto Derivatives Business. Valour Launches Eight Crypto Investment Products in Sweden. Crédit Mutuel Arkéa Puts Cyberattack Loss at About €100 Million. Gate Introduces New Asset Security Disclosure Framework. Blockchain. com Opens Automated Trading Access for Institutions. DIA Publishes Research Showing Euro Stablecoin Growth. Details on: thecryptobasic.com/2026/11/0…

Simplex Trading Reports $13.97 Million Investment in Grayscale $XRP ETF. Simplex Trading, a Chicago-based broker-dealer, disclosed a $13.97 million holding in Grayscale’s XRP ETF in its Q3 2026 filing with the SEC. The position was reported as of September 30, 2026, marking a significant increase from the 340 shares the firm held in the fund in Q4 2025. Simplex’s disclosure comes as more major financial firms report investments in XRP ETFs. Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America are among the institutions with reported exposure. U.S. spot XRP ETFs collectively hold $1.48 billion in net assets, according to the latest figures. #Ripple thecryptobasic.com/2026/11/0…

Analyst EGRAG Identifies Long-Term $XRP Pattern With Potential Rally Targets of $17, $27, and $48. EGRAG believes XRP could be heading toward another major rally based on his Vertical-Horizontal-Diagonal (VHD) Theory. The theory describes three stages in XRP’s price movement. First, XRP spent 16 months trading at low levels before a sharp price increase. Next, it moved sideways for 28 months before another major rally. The current stage has lasted 22 months, or 669 days, with XRP gradually forming higher lows instead of moving sideways. EGRAG believes this pattern could lead to another major price expansion. EGRAG identifies $1.55 as the first key level XRP needs to reclaim, followed by resistance at $2.60 and a potential target of $3.50. His longer-term projections place XRP at $17 in 2027, $27 in 2029, and $48 in 2031. However, these targets are speculative and depend on the current chart pattern holding. thecryptobasic.com/2026/11/0…

AppLovin Corporation (NASDAQ: $APP) Stock Rallies 20% After Q3 Revenue Beats Estimates and Q4 Forecast Tops Expectations. AppLovin shares jumped nearly 20% to $325.52 in Thursday premarket trading after the company reported third-quarter revenue of $2.185 billion, up 55% year over year and above analysts’ $2.07 billion estimate. Earnings per share also beat expectations, reaching $4.30 compared with the $4.03 forecast. The company expects fourth-quarter revenue of $2.365 billion to $2.395 billion, above Wall Street’s $2.25 billion estimate. AppLovin also approved an additional $3.2 billion for buying back its own shares, bringing its total remaining buyback budget to $3.6 billion. thecryptobasic.com/2026/11/0…

Qualcomm Incorporated (NASDAQ: $QCOM) Shares Drop 10% as Smartphone Chip Revenue Falls 26%. Qualcomm shares fell more than 10% to $155.22 in Thursday premarket trading after revenue from chips supplied to smartphone manufacturers dropped 26% to $5.14 billion in the fiscal fourth quarter, down from $6.96 billion a year earlier. The decline came as phone makers faced higher memory costs and weaker demand. Qualcomm also forecast adjusted earnings of $2.15 to $2.35 per share for the first quarter of fiscal 2027, slightly below analysts’ estimate of $2.27. The company expects its QCT semiconductor segment’s earnings-before-tax margin to fall to 20%–22%, compared with 24% in the previous quarter, partly due to investments in its data-center business. Barclays also lowered its price target for Qualcomm to $150 from $180 while maintaining an Underweight rating. thecryptobasic.com/2026/11/0…

Versan Aljarrah Says $XRP Price Has Yet to Reflect #Ripple’s Growing Business Progress. Black Swan Capitalist founder Versan Aljarrah has highlighted the gap between Ripple’s business growth and XRP’s price performance. XRP was trading around $1.30, about 65% below its July 2025 high of $3.65. Aljarrah said, “The price and the progress are moving in opposite directions. That doesn’t happen forever.” His comments come as Ripple expands through major financial partnerships, including Coinbase, Robinhood, and BNY, while also receiving final approval for Ripple National Trust Bank. However, not all these developments directly increase demand for XRP, as some focus on RLUSD and other financial services. Aljarrah believes the market may eventually recognize Ripple’s progress, but this could take years to affect XRP’s price. thecryptobasic.com/2026/11/0…

Analyst Mohamad Sees $0.10 as Potential Bottom for #Cardano Before a Major Recovery. $ADA Mohamad believes Cardano could be nearing the end of its nearly five-year correction, with $0.10 as a potential price floor. His Elliott Wave analysis shows an initial five-wave upward move followed by a prolonged three-part correction made up of waves A, B, and C. He describes the second wave as particularly lengthy and believes ADA may be approaching the final stage of this correction. Mohamad’s chart identifies $0.1072 as a major support level, close to his projected $0.10 bottom. From the chart’s reference price of $0.1973, ADA would need to fall another 45.66% to reach that level. thecryptobasic.com/2026/11/0…

David Schwartz Faces Backlash From $XRP Holders Over His Price Update. Ripple’s former CTO David Schwartz faced criticism from XRP holders after a discussion about his hub’s network performance shifted to XRP’s price. Schwartz first shared that his hub had more than 550 active peer connections and was processing around 110,000 incoming messages per second. When an X user asked about XRP, he replied that it was trading around $1.308, up 2.4% over the previous 24 hours. Some holders criticized the response, arguing that the daily gain ignored XRP’s weaker performance over the past year. One user pointed out that XRP had fallen 40% over the year and said he had bought the token above $2 in 2017. However, other holders remained optimistic, with one investor saying he continues to buy XRP with every paycheck and is willing to wait another two to three years for potential gains. #Ripple thecryptobasic.com/2026/11/0…

Analyst Waleed Ahmed Sees #Cardano ($ADA) Reaching $1.32 If ADA Holds $0.19 Support. Waleed Ahmed believes Cardano presents a buying opportunity near its current price of $0.1973. His weekly chart highlights previous rebounds from the $0.19 support level, including one in September 2021 that eventually led to ADA reaching its $3.10 all-time high. Based on this historical pattern, Ahmed sees a potential recovery toward $1.3261 if ADA holds support. Other analysts have mixed views on Cardano’s next move. 360Trader sees the possibility of another major rally if ADA reclaims $0.25, while ZenTrades warns of a possible decline toward $0.15. thecryptobasic.com/2026/11/0…

#Litecoin’s Latest $XRP Post Reignites Rivalry Between the Two Crypto Communities. Litecoin’s official X account reignited its rivalry with XRP on November 5 by sharing a surprised reaction clip with the caption: “Me finding out I can’t use the word retarded for XRP anymore.” The post drew criticism from XRP supporters, who questioned Litecoin’s own market performance. Zcash has gained around 138% in 2026, while Litecoin is down roughly 30% year-to-date. This is not the first clash between the two communities. In August 2025, Litecoin mocked XRP’s banking narrative and its potential role alongside SWIFT, prompting strong reactions from the XRP Army. Litecoin later described its posts as part of a broader series of crypto roasts. The latest exchange continues the long-running rivalry between the two communities. thecryptobasic.com/2026/11/0…