{"id":31572,"date":"2026-10-30T15:32:23","date_gmt":"2026-10-30T15:32:23","guid":{"rendered":"https:\/\/moneyinsiderzone.com\/?p=31572"},"modified":"2026-10-30T15:32:23","modified_gmt":"2026-10-30T15:32:23","slug":"xrp-price-breaks-key-support-as-binances-6b-security-scare-rocks-crypto","status":"publish","type":"post","link":"https:\/\/moneyinsiderzone.com\/?p=31572","title":{"rendered":"XRP price breaks key support as Binance’s $6B security scare rocks crypto"},"content":{"rendered":"
<\/div>\n

XRP fell 3.4% on Friday as Ripple\u2019s latest business projections failed to offset selling pressure on the token.<\/p>\n

The company said<\/a> it is approaching a $900 million annualized product revenue run rate by the end of 2026. That measure reflects revenue at an annualized pace rather than total revenue earned during the year.<\/p>\n

Ripple also expects its payments network to finish 2026 with $150 billion in cumulative transaction volume. The network supports international transfers across more than 60 payout markets.<\/p>\n

\u201cAs traditional and digital finance converge, market infrastructure is migrating to modern rails. Settlement is moving to real-time, 24\/7, and tokenized assets can be traded, financed, and used as collateral,\u201d Ripple CEO Brad Garlinghouse said.<\/p>\n

According to Ripple, more than 1,700 institutions, corporations and enterprises use its infrastructure. Its services span payments, digital asset custody, stablecoins, prime brokerage and treasury management.<\/p>\n

RLUSD reaches $2.6 billion in market capitalization<\/h2>\n

Ripple said its dollar-backed RLUSD stablecoin has reached approximately $2.6 billion in market capitalization, representing more than 88% growth year to date.<\/p>\n

The company uses RLUSD across its product suite, including payment settlement and onchain markets, positioning it as a digital dollar for enterprise customers.<\/p>\n

Its expansion has prompted questions about whether businesses using RLUSD still need XRP. Garlinghouse rejected the suggestion that the stablecoin displaces the token\u2019s role.<\/p>\n

\u201cAnyone who doesn’t think that XRP is at the heart of everything Ripple does is kind of missing the big picture from my point of view,\u201d Garlinghouse said in an interview with Bloomberg.<\/p>\n

He described RLUSD as complementary to XRP, explaining that the stablecoin gives businesses an entry point into digital asset infrastructure.<\/p>\n

Asked separately what XRP could offer that RLUSD could not, Garlinghouse said the token remained a bridge asset for transactions between different currency pairs.<\/p>\n

Binance hack tops $6 billion<\/h2>\n

XRP’s latest decline coincided with a broader cryptocurrency sell-off after Binance, the world’s largest digital asset exchange by trading volume, disclosed a major security incident.<\/p>\n

Binance said on Friday that its preliminary investigation indicated a compromised DevOps engineer’s laptop may have allowed attackers to access an internal service and submit unauthorised withdrawal transactions.<\/p>\n

The exchange estimated the incident’s impact at approximately $6.3 billion, although the final amount stolen and the value of recoverable assets remain uncertain.<\/p>\n

Binance said it had worked with blockchain partners to freeze approximately $3 billion in affected assets and pledged to cover losses through its SAFU fund and company resources.<\/p>\n

Both deposits and withdrawals were temporarily suspended while security checks continued. The exchange maintained that customer funds were safe.<\/p>\n

Co-founder and former CEO Changpeng Zhao also addressed the reports.<\/p>\n

\u201cUser funds are safe! It does look like a hack on Binance,\u201d Zhao wrote on X, adding that he expected customer funds to be fully covered.<\/p>\n

\n
https:\/\/twitter.com\/cz_binance\/status\/2115915423174853077 <\/div>\n<\/figure>\n

The crypto exchange announced a few hours ago that it had frozen $3 billion of the stolen funds. Furthermore, the exchange assured users that their funds remain safe, while deposits remain unaffected. <\/p>\n

\n
https:\/\/twitter.com\/binance\/status\/2115970069696217576 <\/div>\n<\/figure>\n

XRP briefly drops below the $1.24 support level<\/h2>\n

XRP’s daily technical structure remains bearish, with the token trading below several important moving averages following its latest decline.<\/p>\n

The 20-day, 50-day, and 100-day EMAs form overhead resistance, limiting the recovery outlook while price remains beneath them.<\/p>\n

<\/figure>\n

The Relative Strength Index is near 38, indicating weak momentum. The Stochastic Oscillator’s two lines stand near 30 and 29, reflecting weak momentum following the latest sell-off. <\/p>\n

Both readings remain above the conventional oversold threshold of 20, suggesting that bearish pressure has not necessarily reached exhaustion. <\/p>\n

With the $1.24 support broken, immediate support now sits at $1.16. A sustained break below that level could bring $1.04 into focus, followed by a more distant floor around $0.98.<\/p>\n

However, if the daily candle closes above the support-turned-resistance level of $1.24, XRP could extend its rally towards the EMA cluster between $1.33 and $1.35. Further resistance lies at $1.37, $1.48 and $1.66.<\/p>\n

The post XRP price breaks key support as Binance's $6B security scare rocks crypto<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP fell 3.4% on Friday as Ripple\u2019s latest business projections failed to offset selling pressure on the token. The company said it is approaching a $900 million annualized product revenue run rate by the end of 2026. That measure reflects revenue at an annualized pace rather than total revenue earned during the year. Ripple also […]<\/p>\n","protected":false},"author":1,"featured_media":31573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31572"}],"version-history":[{"count":0,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/media\/31573"}],"wp:attachment":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}