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October 9, 2025Coinpaper logoCoinpaper

After a $605M Bloodbath, XRP Readies a Revenge Rally with $2B Lifted in North Korean Hacks

XRP Eyes Bullish Rebound After Summer Shake-Up After a tumultuous summer marked by volatility and a massive $605 million liquidation event, XRP is showing signs of turning the ￰0￱ to market analyst Paul Bennett, the cryptocurrency is poised to transform bearish pressure into a renewed bullish momentum, signaling potential upside for traders and long-term holders ￰1￱ trading at $2.85, XRP is hovering just below a critical psychological and technical breakout level of $3. Bennett notes that surpassing this threshold could trigger a wave of buying interest, potentially propelling the coin toward new ￰2￱ emphasizes that the market’s recent consolidation phase may have laid the foundation for a decisive upward move, as selling pressure eases and investor confidence begins to ￰3￱ indicators bolster a cautiously optimistic outlook for ￰4￱ RSI is climbing from oversold levels, signaling room for momentum, while moving averages show the asset nearing a key support zone, setting the stage for a potential breakout if conditions ￰5￱ a result, Bennett highlights that XRP’s near-term outlook is strengthened by rising institutional interest and expanding use in cross-border ￰6￱ by real-world utility and supportive technical signals, the coin is poised to attract investors seeking high-potential opportunities after summer’s market ￰7￱ Korean Hackers Swipe Over $2 Billion in Crypto in 2025, Bybit Hit Tops the List North Korean-linked hackers have escalated their digital heists to unprecedented levels, reportedly stealing more than $2 billion (£1.5 billion) in cryptocurrency so far this year, according to blockchain analytics firm ￰8￱ staggering figure not only dwarfs previous annual thefts linked to the nation but also signals the growing sophistication and audacity of cybercrime in the crypto ￰9￱ reports that February’s Bybit breach alone , where hackers stole around $1.45 billion, accounts for the majority of 2025’s crypto ￰10￱ record-setting heist is the largest in history, eclipsing all previous high-profile attacks and marking a pivotal moment in digital asset ￰11￱ high-profile crypto hacks rattle the market, exchanges face pressure to strengthen security and monitor suspicious activity, while investors grow wary, raising concerns about the sector’s long-term stability amid escalating geopolitical tensions.

Therefore, as digital currencies go mainstream, robust security is ￰12￱ year’s $2 billion theft by North Korean hackers underscores that while crypto offers huge rewards, it remains a high-risk space demanding relentless security ￰13￱ XRP sits at a vital ￰14￱ technical signals and improving investor sentiment suggest it could flip recent bearish pressure into a bullish ￰15￱ a result, a break above the $3 resistance may trigger a notable upward run, positioning XRP as a key market mover. Meanwhile, the unprecedented $2 billion theft by North Korean hackers in 2025 underscores the vulnerabilities that still exist within the cryptocurrency ￰16￱ digital assets continue to grow in value and mainstream adoption accelerates, exchanges, investors, and regulators must prioritize security, transparency, and proactive monitoring.

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