XRP fell to $1.19 in a price snapshot cited by U.Today, dropping below its 200-day moving average before recovering part of the loss. The move weakened the near-term chart, but the figures available do not show what caused the decline or what XRP might do next.
- XRP reached $1.22 on Thursday and $1.19 on Friday, then rebounded while staying below its 200-day moving average.
- Traders were watching the 50-week moving average, but the report gave no reading for it.
- $1, $0.98 and $1.70 are conditional scenarios, not reliable forecasts.
- Claims about a Binance incident and the exchange’s reserves lack key details in the available reporting.
XRP slips below its 200-day moving average
U.Today reported that XRP fell to $1.22 on Thursday, then dropped to $1.19 on Friday. It later rebounded but was still below its 200-day moving average when the report was published.
The 200-day moving average tracks the average price over the previous 200 days. Traders use it to assess longer-term momentum, but it looks backward. It is neither a price floor nor a forecast.
U.Today described the move as the first time XRP had traded below the average since August 2026. It also mentioned brief dips below that level in mid-September and twice in October. The latest move may refer to a more sustained break, but the report does not define the difference or give the average’s value.
The report’s exact publication time is unclear. A related page item is dated October 31, 2026, but that does not establish when the price snapshot was taken. Treat the quoted prices and chart levels as a dated snapshot, not current market data.
The 50-week average is a conditional test
U.Today pointed to XRP’s 50-week moving average as a support level traders were watching. This average tracks past prices over 50 weeks. “Support” means a price area where traders may expect buyers to step in. Neither one guarantees a particular outcome.
The report outlined two scenarios. A break below support could put $1 or even $0.98 in view, while holding support could leave room for a move to $1.70. But it gave no value for the 50-week average, chart source or indication of whether those levels depended on weekly closing prices. Without that information, the scenarios cannot be verified or used as precise trading signals.
Several market developments were in the backdrop
U.Today linked XRP’s decline to news of a Binance attack and broader market conditions. Timing alone does not show that either caused the price move, and the available information does not measure their effects.
The report said the attack “affected” $6.3 billion in client assets and called it the largest crypto theft on record. It did not say whether assets were stolen, exposed, frozen or affected in another way. Nor did it provide details about the attack or evidence for the record-setting claim. Treat the figure as an attributed but unclarified claim, not a confirmed amount stolen.
U.Today also cited economic data, reporting that the personal consumption expenditures (PCE) price index rose 0.5% month over month and 3.6% year over year, above the Federal Reserve’s 2% inflation target. The report said the Fed had held its key interest rate steady the day before the attack news and that investors were waiting for the October nonfarm payrolls report. It did not specify the dates or reporting periods for those figures, leaving their precise connection to XRP’s price move unclear.
Inflation, interest-rate expectations and employment data can affect appetite for risk across markets. But without matching timestamps and evidence about trading flows, they provide context, not proof of why XRP fell.
What Binance said about purchases and reserves
U.Today attributed to Binance co-founder Yi He a statement that Binance had allocated $6.34 billion from its own funds to buy major cryptocurrencies, including XRP and RLUSD. The report separately said XRP, RLUSD and other major cryptocurrencies in Binance’s user fund had reached 100% reserve backing.
Those are two different claims. One concerns Binance’s reported allocation of its own funds. The other concerns reserves backing user balances. The report gave no allocation date or calculation, did not explain which assets and liabilities were included in the reserve figure, and did not say whether it had been independently verified. “100% reserve backing” is an assurance about reserves, not a complete picture of custody, liabilities or exchange risk.
Key questions and answers
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Did XRP fall below its 200-day moving average?
Yes. U.Today reported that XRP remained below the average after reaching $1.22 on Thursday and $1.19 on Friday, then partially rebounding. The exact date and time of the price snapshot are unclear.
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What support level were traders watching?
The 50-week moving average. The report gave neither its value nor the charting method, so the level cannot be independently checked using the information provided.
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Are $1, $0.98 and $1.70 forecasts?
No. U.Today cited them as scenarios: $1 or $0.98 if support breaks, and $1.70 if it holds. None is guaranteed.
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Is it confirmed that $6.3 billion was stolen in the Binance incident?
No. U.Today said $6.3 billion in client assets were “affected, ” but did not explain what that means or provide details confirming how much, if any, was stolen.
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Does Binance’s 100% reserve statement prove user funds are risk-free?
No. The reported claim lacks details about its scope, measurement date and independent verification. It is not a complete assessment of exchange risk.
XRP’s move below its 200-day average points to weaker momentum in the reported snapshot, but it does not settle the direction of the market. The 50-week level may be worth watching. Without its value and a clear timestamp, though, the chart scenarios are broad signposts, not trading instructions.
