XRPUSD midweek: down 4.8% and holding 1.0444, week of 2026-11-09
Where XRPUSD stands midweek
XRPUSD closed Wednesday at 1.0584. Monday opened the week at 1.1122, so you are looking at a decline of 0.0538, roughly 4.8% in three sessions. The high of the week so far is 1.1254, printed inside Monday's first session. The low is 1.0287, set on Tuesday. Top to bottom that is a 9.4% range already spent, and it was spent going one way.
What has driven price so far
Tuesday did the damage. Price opened at 1.0980, traded down to 1.0287 and closed at 1.0538, erasing the whole of Monday's early push to 1.1254. The only dated catalyst in our feed landed early Wednesday, when the PBOC set the USD/CNY mid-point weaker than the Reuters estimate. A softer yuan fix than expected is a dollar-positive signal, and dollar strength tends to press on crypto majors including Bitcoin. Wednesday's turnover was a fraction of Monday's, so the 1.0584 close reads as stabilisation rather than genuine demand.
What's still ahead
There is nothing scheduled. Our calendar is empty for Thursday and Friday on this instrument, which means the back half of the week belongs to flow and to the daily PBOC fixing routine. If the fix keeps printing weaker than the Reuters estimate and the dollar stays bid, the path of least resistance stays lower and Tuesday's 1.0287 low becomes the obvious magnet. If the fix comes back in line and the dollar bid fades, the fact that Wednesday held above 1.0444 gives buyers something to build from. Thin calendars cut both ways in crypto: fewer catalysts, but also fewer participants to absorb a single large order.
Positioning right now
As of Wednesday morning, 69.4% of positioning is long and 30.6% is short. That is better than two longs for every short on an asset that has fallen 4.8% since Monday's open. Consensus midweek is that the sell-off is a dip, not a trend change. You should know what that crowding means in practice: a move back toward 1.0287 puts a large share of that long book under water, and forced exits from an already lopsided book tend to extend moves rather than cushion them.
The level that matters today
1.0444 is the line. It is Wednesday's low and the first level buyers defended after Tuesday's collapse. Hold it and the 1.0625 session high is the first thing sellers have to deal with, with the round 1.1000 and Tuesday's 1.0980 open stacked above that as the harder test. Lose 1.0444 on a close and 1.0287 is back in play immediately, with nothing visible beneath it from this week's trade. You can watch how the book shifts around those two levels into Thursday from an LHFX live account.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
