XRP Options Market Signals 8.7% Price Swing by Nov 8 as Ripple Relocks 700 Million Tokens

XRP is trading near $1.25 with options market data from Coinbase pointing to a roughly 8.7% price move by November 8, putting the range between a breakout to $1.36 or a slide to $1.14. Tightening Bollinger Bands are reinforcing the view that a significant directional move is approaching, though the immediate bias remains unclear.

On the supply side, Ripple released its monthly escrow on November 1 but relocked 700 million of those tokens the same evening under terms running until 2029, leaving only 300 million XRP in circulation from that release. That 300 million figure is what traders are treating as the effective supply overhang for November.

Demand signals are mixed. The XRP Ledger logged 7,934 new wallets on November 1, the highest single-day figure of 2026, and on-chain data from Santiment described it as the largest capital migration in recent months. Yet the price has not responded: the Coinbase Premium Index hit an eight-month low, and XRP ETF inflows for October fell to $18.83 million, a notable pullback. A wallet labeled 'Binance Hack 2026' also moved 40 million XRP to an anonymous account during this period, adding an element of uncertainty to the market.