I'm bearish on $XRP Dubai morning brief, 09:20. $XRP ranks No.5 on the 1h board and No.4 on the 4h board on CoinMarketCap, but the heat here is sell-side: the price is just 2% above its 24-hour range low, sitting near the bottom, and volume is swelling as it falls. @alexdolbun The numbers (USD / AED): • Price $1.1045 (about AED 4.06), ranked sixth on CMC • 1h -0.69% | 4h -1.60% | 24h -4.99% | 7d -11.77% • 24-hour volume about $2.11 billion (AED 7.74 billion), up 95% daily • Market cap about $70.2 billion, fully diluted valuation $110.4 billion • Today's range 1.1031–1.1666, weekly range 1.1045–1.3331, so the price is testing the weekly low itself • 4-hour pivot 1.1224; OKX perpetual funding -0.0006% and premium -0.036%, with open interest around $89 million; spot market is leading the selling Catalyst: On November 8, Ripple announced a partnership with Stripe-owned Privy for embedded XRPL wallets supporting RLUSD and x402 payments (according to reports), yet one hour saw about $21.9 million in long liquidations (TokenPost). The next test is U.S. inflation data on November 10. Thesis: As long as the price remains below 1.1224 with rising volume, the likeliest path is toward 1.10 and then below it. Invalidation: A 4-hour close above 1.1224, followed by a reclaim of 1.1666. Risk: Nearby oversold conditions and sharp rebounds. In the first week of Northern Routes, we read about routes opening up, and in the third, we read about settlement channels; today, we conclude with community. Follow @alexdolbun and share your ideas for developing business in the Arctic, and support Arctic Trade Lanes. The ATL token is coming, with no promises. Monitoring via UnicornsMap UM-Radar. EN: XRP bearish below the 1.1224 pivot; invalidation is a 4h close above it, then 1.1666. Support Arctic Trade Lanes; ATL is upcoming. #NorthernRoutes #UMRadar #Payments $XRP $BTC $ETH @alexdolbun