XRP and XLM extend recovery as bears lose steam
ITF Team3 min read
Ripple (XRP) trades above $1.30 and Stellar (XLM) holds above $0.168 on 11/5/2026, marking a continued rally amid easing bearish pressure.
Key takeaways
- XRP broke above $1.30 on 11/5/2026 after clearing the upper trendline of a falling channel.
- XLM stayed above $0.168 on 11/5/2026 and eyed resistance near $0.173.
- Bitcoin was trading above $81,100 on 11/5/2026, supporting risk‑on sentiment across crypto.
- U.S. Democrats secured a Senate majority on 11/5/2026, adding a political tailwind for risk assets.
Ripple (XRP) and Stellar (XLM) pushed higher on 5 November 2026 as bearish pressure eased across the altcoin market. XRP cleared the upper trendline of a descending channel and settled above the $1.30 mark, while XLM held firm above $0.168 and moved toward a near‑term ceiling at $0.173. The moves came amid a broader crypto rally sparked by a risk‑on environment and the United States mid‑term election outcome.
Technical breakout fuels XRP’s advance
XRP’s price action on 5 November showed a classic breakout from a falling channel that had constrained the pair for several weeks. The upper trendline, sloping upward from mid‑October, acted as resistance; once breached, the token found buying interest and rose to $1.32 before retracing slightly to close above $1.30. The breakout coincided with a reduction in net whale outflows, suggesting that large holders were less inclined to sell aggressively.
Analysts note that the 200‑day moving average sits near $1.25, providing a strong support base. With the token now trading above both the 200‑day and the 50‑day averages, momentum indicators turned bullish, reinforcing the view that the downtrend may be shifting to an uptrend. Traders will likely watch the $1.40 level as the next potential resistance, which aligns with the prior swing high from early October.
Stellar steadies near key resistance
XLM’s price held above $0.168 throughout the session, testing the $0.173 resistance that marks the top of a short‑term consolidation range formed in late October. The pair’s ability to stay above this threshold indicates that sellers are losing steam, and the market is absorbing buying pressure from the broader crypto rally.
The moving average framework supports this view: the 100‑day EMA sits at roughly $0.165, acting as a dynamic floor. With price comfortably above this level, the technical bias tilts bullish. A decisive close above $0.173 could trigger a move toward the $0.185 zone, which previously acted as a swing high in September.
Read also: Market overview: gold spikes, pound tops Brexit level, stocks wobble after US midterms
Broader market backdrop and political catalyst
The rally in XRP and XLM unfolded as Bitcoin surged past $81,100 and gold broke $4,030, signaling a risk‑on wave across assets. The U.S. mid‑term elections delivered a decisive win for Democrats in the Senate, positioning the party to control both chambers of Congress. Market participants interpret the outcome as potentially more accommodative fiscal policy, which traditionally benefits risk assets including cryptocurrencies.
Crypto‑focused analysts, such as Manish Chhetri, point to the easing of whale‑driven selling as a key driver of the recent bounce. While net outflows from large holders have slowed, the overall market sentiment remains optimistic, with Bitcoin and Ethereum anchoring the upside and providing a tailwind for altcoins.
What to watch next
Traders should monitor several near‑term triggers. For XRP, a break above $1.40 would confirm a shift to a higher swing range, while a drop back below $1.25 could reignite the downtrend. XLM’s next test will be the $0.173 resistance; a close above it may open the path to $0.185, whereas a breach of the $0.160 support could see the token retest the $0.150 level.
On the macro side, upcoming U.S. fiscal policy announcements and any shifts in Federal Reserve expectations could influence risk appetite. Additionally, the crypto derivatives market’s open interest, which has been declining, may provide clues about institutional positioning.
- XRP price on 5 Nov 2026: > $1.30
- XLM price on 5 Nov 2026: > $0.168
- Bitcoin price on 5 Nov 2026: > $81,100
- Gold price on 5 Nov 2026: > $4,030
Frequently asked questions
Why did XRP break above $1.30 on 5 November 2026?
XRP cleared the upper trendline of a descending channel, a technical barrier that had limited its upside. The breakout coincided with reduced whale outflows, meaning large holders were not selling aggressively, which helped lift the price above $1.30.
What level could XLM target after holding above $0.168?
If XLM sustains above $0.168 and closes above the $0.173 resistance, the next likely target is around $0.185, a level that previously acted as a swing high in September 2026.
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This article is compiled from international market news for information only. It is not investment advice.