XRP Week: XRP Falls 5.2% as Binance Hack Overshadows Ripple’s Swell Week

Closing at $1.3080 on Thursday 22 October, XRP closed on Thursday 29 October at about $1.24, a weekly loss of about 5.2%. XRP traded in the $1.29 to $1.33 range for most of the week. During the week, Ripple hosted Swell 2026 and released a series of positive news. First, the OCC gave final approval to Ripple National Trust Bank. Second, BNY added custody support for XRP and RLUSD. Third, Ripple entered a partnership with Robinhood and received an A2 rating from Moody’s for RLUSD. Finally, on Thursday, a hot wallet at Binance is suspected to have been hacked, which pulled the market down, including XRP (a loss of about 6.8%). XRP ETFs with U.S. spot exposures reported net inflows of about $4.82 million for the week.

Prices reflect UTC day closes. Closes for 26, 27, 28 and 29 October are approximate.

Friday 23 October: $1.2946 (down 1.03%)

No XRP news, and ETFs had no flows.

Saturday 24 October: $1.2992 (up 0.36%)

XRP traded as low as $1.256 during the day and closed near $1.30.

Sunday 25 October: $1.2985 (down 0.06%)

Sentiment data suggested 47 million XRP moved to exchanges. Exchange deposits do not confirm sales (crypto.news).

Monday 26 October: About $1.31 (up about 0.9%)

The OCC gave final approval to Ripple National Trust Bank. The bank can manage RLUSD’s reserves and offer digital asset custody, but it cannot take deposits or make loans (The Block). Aviva Investors launched a tokenized sterling fund on the XRP Ledger.

ETFs: -$3.61 million, all from Bitwise XRP.

Tuesday 27 Oct: about $1.33 (about +1.5%)

Ripple Swell 2026 opened in NYC. Ripple and Robinhood announced a deal covering RLUSD, treasury services, and lending. BNY added custody for XRP and RLUSD.

ETFs: no flows.

Wednesday 28 Oct: about $1.33 (about flat)

The Fed held rates at 3.75% to 4%, and two members voted for a hike. Moody’s rated RLUSD A2, and Coinbase started offering RLUSD.

ETFs: no flows.

Thursday 29 Oct: about $1.24 (about -6.8%)

This was the lowest close and the worst day of the window. At about 20:20 UTC, a suspected hack drained a Binance hot wallet, with up to $3.55B in outflows. Tether and Circle froze about $2.4B. Changpeng Zhao said user funds are safe (CryptoTicker). XRP was not among the stolen assets, but fell with the market. Crypto liquidations were about $1.53B in 24 hours (TokenPost).

ETFs: +$8.43M (XRPZ +$5.57M, Bitwise +$2.86M).

Flows into/out of ETFs

The net for 23 to 29 October was about +$4.82M. Cumulative inflows are about $1.809B, and total net assets are about $1.465B. The six US spot ETFs hold about 1.18 billion XRP.

Treasury Companies

Evernorth (XRPN) is the only confirmed XRP Treasury with about 473M XRP. Nothing new was announced at Swell.

Updates to XRP Ledger

The fixCleanup3_4_0 amendment is due on November 4. Ledger closes have been normal since October 22. The pending point release, which fixes the root cause of the 20 October slowdown, is still awaited. The lending amendments are still missing the validator votes they need.

What It Means

Strong institutional interest in Ripple didn’t do much for the price of XRP this week. XRP is still below $1.33, its 20-day moving average, after losing about 7% on 29 October due to the Binance hack. The ETFs showed net inflows for the week. Support is at $1.24, then $1.20. Resistance is at $1.28, then $1.33, then $1.40. Some upcoming events include the 1 November escrow unlock (up to 1B XRP), the 4 November amendment, and updates on the Binance situation.

Data and sources: Prices from Investing.com, Coinlore, Twelve Data and CoinGecko; ETF data from SoSoValue and xrp-insights; news from The Block, crypto.news, KuCoin, Finbold, CryptoTicker, TokenPost, 24/7 Wall St., and icobench.