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October 16, 2025cryptonews logocryptonews

XRP Slides on U.S.–China Tariff Jitters – Traders Eye $2.00 Line

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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