Key Takeaways
- • XRP fell below its 200-day simple moving average on Oct. 30, 2026, shortly after Binance disclosed a $6.3 billion hot wallet hack on Oct. 29, with XRP trading at 1.260 USDT against a 200-day average of 1.278 USDT.
- • Spot XRP ETFs recorded significant inflows in October, with ETF holdings representing nearly 2% of XRP's circulating supply, according to the primary source.
- • October developments including corporate payment adoption and custody launches strengthened XRP fundamentals, and the divergence between price weakness and institutional demand suggests a possible rebound.
- • As of Nov. 1, 2026, XRP traded at Rp22.661 on Pluang, down 0.40% over 24 hours, with trading volume of Rp14.81 trillion and circulating supply of 63.4 billion XRP (about 64% of total supply).
Summary
XRP's price recently dropped below a key support level following the Binance hack, producing short-term losses across the token. Per the primary source, Binance announced a $6.3 billion hot wallet hack on Oct. 29, and XRP traded 1.4% below its 200-day simple moving average on Oct. 30, priced at 1.260 USDT against an average of 1.278 USDT. One supplemental report indicated that the hack affected nearly $300 million in XRP and contributed to a broader crypto market decline, with the token falling to $1.19 before a slight rebound.
Despite the price weakness, institutional interest has risen. Spot XRP ETFs recorded significant inflows, and their holdings now represent nearly 2% of circulating supply. The primary source attributes the divergence between price action and institutional flows to a possible repositioning for a rebound, potentially leading to another rally despite broader market softness. Fundamental developments in October, including corporate payment adoption and custody launches, are cited as supporting this view.
Market data on Pluang as of Nov. 1, 2026 at 10:21 WIB showed XRP at Rp22.661, down 0.40% over the prior day. Circulating supply on the platform was 63.4 billion XRP, about 64% of total supply, and trading volume reached Rp14.81 trillion, with 53% of orders on the sell side.
Despite the price weakness, institutional interest has risen. Spot XRP ETFs recorded significant inflows, and their holdings now represent nearly 2% of circulating supply. The primary source attributes the divergence between price action and institutional flows to a possible repositioning for a rebound, potentially leading to another rally despite broader market softness. Fundamental developments in October, including corporate payment adoption and custody launches, are cited as supporting this view.
Market data on Pluang as of Nov. 1, 2026 at 10:21 WIB showed XRP at Rp22.661, down 0.40% over the prior day. Circulating supply on the platform was 63.4 billion XRP, about 64% of total supply, and trading volume reached Rp14.81 trillion, with 53% of orders on the sell side.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.