XRP is trading near $2.35 today after a sharp weekly drop tied to the market-wide 0 feeds from CoinMarketCap show intraday swings around the mid-$2 range, with quick fades on 1 links the broad market pullback to rising U. S.-China trade tension following tariff threats that pushed risk assets 2 and Treasury actions targeting a Cambodia-linked cyberfraud network added 3 platforms report heavy transfers into exchanges and a reset in derivatives 4 now shows XRP open interest near $3.88 billion , down roughly half from earlier 5 describes a crypto liquidity drought during the worst hour of the sell-off, with order books thin across 6 Price And Flows Spot held a $2.30 to $2.60 corridor this 7 watch $2.00 for defense and $2.60 for a reclaim of near-term supply.
“Data from Binance, the largest exchange by trading volume, indicates a clear increase in whale flows of XRP to Binance during the first two weeks of 8 development reflects a shift in behavior among large wallets toward selling or hedging after a period of relative calm in September,” according to Arab 9 latest trade headlines have hurt risk 10 macro shock explains why altcoins underperformed during peak stress while Bitcoin held relative ground before breaking the $110,000 11 Price () Derivatives And Liquidity Funding reset and spreads widened during the flush, then narrowed into 12 resting depth during the peak hour, which amplified price impact across 13 wider market saw a rush to hedge after a record liquidation wave.
Together, these inputs point to deleveraging rather than a collapse in protocol usage. “Altcoins, a term for all cryptocurrencies other than market-leader bitcoin, bore the brunt of the move, with many falling 80% on some exchanges, analysts said,” wrote 14 levels frame positioning. $2.00 marks the near risk line. $2.30 to $2.40 is the zone buyers defended earlier this month. $2.60 to $2.77 caps the local range. A firm close above that band would start to repair the structure. A clean break under $2.00 would open a path toward $1.90 to $2.00.
Today, Ripple is breaking into the $120T corporate treasury payments market with the $1B acquisition of 15 past few years have reminded this industry why payments, first and foremost, is THE primary use case for crypto and 16 are where Ripple first… — Brad Garlinghouse (@bgarlinghouse) October 16, 2025 What To Watch Next Two gauges anchor the next move. First, exchange balances for 17 balances can precede new sell programs while falling balances can limit supply. Second, open interest and funding. A gradual rebuild without a sharp funding jump is healthier than a snap 18 is near $2.35 now, within the $2.30 to $2.40 defending 19 headlines remain the swing factor, while any pickup in stablecoin issuance and net creations into crypto ETFs would support that repair by adding steady demand during risk 20 creations and stablecoin supply could potentially indicate confirmation during rebounds .
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