XRP tumbled to beneath $1 on some exchanges.
Whereas bitcoin and ether crashed by as much as 30% throughout the market-wide meltdown on Friday night and Saturday morning, XRP, which is among the many largest altcoins, suffered a considerably extra painful decline that noticed it dump nicely under $1.5 on most exchanges and even beneath $1 on Binance.
Within the span of simply half-hour, the asset’s market capitalization skilled a 50% dump that pushed the metric to $80 billion by 5:20 PM ET. It was at $161 billion at 4:50 PM ET, based on the Kobeissi Letter.
This was an unprecedented liquidation occasion:
Amid the crypto crash yesterday, $XRP erased a whopping -50% of its market cap in 30 MINUTES.
At 4:50 PM ET, $XRP was value $161 billion.
By 5:20 PM ET, $XRP was value $80 billion.
What occurred to XRP? https://t.co/oACmCgYpc2 pic.twitter.com/fUC9U0zeI2
— The Kobeissi Letter (@KobeissiLetter) October 11, 2025
What Occurred to XRP?
It’s value noting that the $0.80 price ticket on Binance meant that Ripple’s cross-border token had tanked to its lowest ranges in a yr when its rally started after the US presidential elections. Nevertheless, there’s a big discrepancy between XRP’s backside on Binance and different exchanges, because the asset remained above $1.20 on a lot of the competitors.
Naturally, this has raised just a few eyebrows within the cryptocurrency neighborhood, particularly throughout the ever-vocal XRP Military.
ERGAG CRYPTO, for as soon as, believes this crash was “designed to liquidate all XRP lengthy positions.” The analyst went additional, blaming Binance and its former CEO for the collapse, whereas highlighting the distinction in worth drops among the many largest digital belongings.
“The market collapsed in simply 8 minutes, and #XRP skilled the best proportion drop in comparison with #BTC and #ETH. #BTC solely dropped 13% from $118K, which was a traditional retracement. #ETH fell by 14-15%. That’s uncommon! and #XRP from $2.65 dropped 70%.”
What’s Subsequent for XRP?
Now that the mud has settled, XRP has recovered a variety of floor from the latest lows and is as much as $2.40 on all exchanges. Nevertheless, standard crypto analyst Ali Martinez indicated that the asset won’t be out of the woods but.
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He posted a chart displaying whether or not XRP’s present worth is above a important pink line, which might imply a extra bullish outlook. But, the asset’s latest correction has pushed it under that line, which he categorized as “bearish” information for Ripple’s token.
$XRP:
– Beneath the pink line = bearish.
– Above the pink line = bullish. pic.twitter.com/SHtWLEHIPF— Ali (@ali_charts) October 12, 2025
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