CryptoGlobal

XRP price debate continues as $40 million liquidation hits

The outlook for XRP's price is being debated, and a $40 million flash liquidation has added new risk. The token traded between $1.08 and $1.11 as the broader crypto market fell sharply.

Illustration: A wall of trading screens glows red and green in a dark room, with two small anonymous figures in silhouette.
Illustration

XRP has slipped into a range of $1.08 to $1.11 as the broader crypto market has come under heavy pressure. A flash liquidation worth $40 million has added to the sense of risk. In a liquidation, leveraged trades are forced to close when prices move against them, and a fast wave of these can push prices further.

A Perplexity AI forecast shared by Aravind Sviniras suggests XRP could still make a sharply bullish move before the end of the year. The same forecast describes that outcome as highly unlikely but possible, and says a catalyst could change the picture quickly.

XRP$1.03down −24.49%over 1 month
$1.37$1.0314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

David Schwartz, a former chief technology officer at Ripple, has argued that using XRP to pay transaction fees is not a major driver of its value. The argument comes as frustration among XRP holders keeps growing. A Ripple insider also sold 2.5 million XRP while holding a bullish view on the token's price.

$1,000 in XRP

Had you put $ into XRP a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

Where
Global
Published
Section
Crypto
Markets
XRP

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

Back to the front page

More news

Illustration: A large gold paper coin carrying the Bitcoin logo sits on the edge of a stepped cliff of coral and mustard paper, as if it is about to slide down.CryptoBitcoin slides to three-month low as crypto traders lose $599 millionBitcoin fell to its lowest level since August, and Ether dipped below $2,000. Traders who bet on higher crypto prices lost $599 million in 24 hours, adding to a wider slide in the market.Bitcoindown −17.05%1 monthIllustration: A hooded anonymous figure sits in a dark room facing laptop screens glowing red, face unseen, cyan light on wet surfaces.CryptoUS seeks to seize $1.2 billion from North Korea-linked Binance hackThe US Justice Department won court approval to seize or restrain over $1.2 billion stolen from Binance. It also disrupted a $400 million crypto theft scheme that used fake video calls.Illustration: A judge's wooden bench seen from the side in warm lamplight, with a heavy leather book and a small wooden mallet.CryptoLouisiana judge orders restraining order against prediction market operatorsA Louisiana judge has ordered a sweeping restraining order against prediction market operators, including Coinbase, Kalshi and Polymarket. Coinbase is also defending its US stock perpetual futures in court.Coinbase Globaldown −25.85%1 monthIllustration: A lone gold coin on a dark table, drawn in smudged charcoal with one bright yellow pastel highlight, seen up close.CryptoMSCI to drop Strategy from its indexes at November 30 closeMSCI will remove Strategy, the largest company holder of bitcoin, from its equity indexes after November 30. Its chief executive says the change will not derail its bitcoin treasury approach.Strategydown −22.93%1 monthIllustration: A long hallway with closed doors and a single briefcase on the floor, lit by warm evening light.CryptoTrump nominates Steven Levine to replace Hester Peirce at SECPresident Donald Trump has nominated Steven Levine, a Republican lawyer, to replace Hester Peirce at the Securities and Exchange Commission. Peirce led the agency's crypto work before leaving, so the choice matters for how digital assets are overseen.Illustration: Close up, a hand holds a phone with a plain coin on its screen, printed in pink and teal overlapping inks with yellow token shapes floating behind.CryptoGemini revenue falls 19% to $40.9 million as trading slumpsGemini's retail trading volume fell to a three-year low this quarter. Its third-quarter revenue dropped 19% to $40.9 million as trading slowed.