The XRP price was $1.25 in market data recorded at 12:13 UTC on November 1. U.Today reported earlier that day on an attack it attributed to North Korean hackers, and said DonAlt viewed the market’s limited selling response as bullish. The supplied research does not independently verify the reported attack or establish that it caused price movements.
Why it matters
DonAlt’s argument focuses on how crypto markets reacted to negative news, not on a particular XRP technical level. Whether prices hold over the coming weeks remains uncertain. Exchange risk and the limits of the available evidence are important context.
What we know about the XRP price setup
U.Today published its report at 10:43 UTC on November 1. It described DonAlt as an analyst who predicted a 700% XRP rally in 2024 and quoted him calling the current setup “hard to be a bear.” These details come from U.Today; the supplied research includes no independent material confirming the past-performance claim.
U.Today said the FBI confirmed that North Korean hackers attacked Binance’s infrastructure and withdrew $6.3 billion. The research contains no separate FBI or Binance statement verifying the outlet’s account. U.Today also reported that Binance covered 90% of users’ lost funds from its reserves and that the Treasury Department helped stabilize the situation. These details are supported here only as claims in the outlet’s report.
According to U.Today, DonAlt’s key observation was the lack of follow-through selling after the news. He compared it with the market’s response to the FTX collapse in November 2022. The outlet quoted him saying that the lack of follow-through after FTX made him “giga bullish,” followed by a move in Bitcoin from $16,000 to $100,000. This is his interpretation of those events, not evidence that the same outcome will recur.
CoinGecko’s November 1 snapshot at 12:13 UTC put XRP at $1.25, up 0.38% over 24 hours. XRP was down 2.89% over seven days, 18.52% over 30 days and 49.99% over one year. Bitcoin was $77,901, up 0.48% over 24 hours and down 9.77% over 30 days. These figures describe their stated periods, but do not establish what drove the moves.
U.Today’s earlier report said Bitcoin held around $77,935 and XRP settled at $1.2498. Those are figures in the outlet’s account, published before the CoinGecko snapshot. They are not the same observation or independently verified prices.
What is still unclear
The supplied research provides U.Today’s account of the reported attack, but no separate primary document detailing the incident, losses, reimbursement or the Treasury Department’s role. The report’s details therefore cannot be independently confirmed from the evidence available here.
The FTX comparison also has limits. U.Today says FTX customers lost funds permanently, while Binance covered most losses within days. If users are compensated, a market that holds could reflect expectations of a smaller impact rather than hidden strength. One historical comparison does not establish a repeatable pattern.
U.Today said the next few weeks would test whether prices hold as attention shifts to stolen funds moving through mixers. The supplied research includes no verified wallet movements or timeline, so any conclusion about their effect on prices remains speculative.
How markets and analysts reacted
XRP price and DonAlt’s case
CoinGecko listed XRP’s 24-hour range at $1.25 to $1.26 in its 12:13 UTC snapshot. The 0.38% daily gain sits alongside losses over the seven-day, 30-day and one-year periods. Bitcoin’s 0.48% daily rise is another market reading, not proof of a broad response to the reported incident.
Alternative.me’s Crypto Fear & Greed Index was 34, classified as Fear, on November 1. This dated reading is not a measure of future returns. DonAlt argues that prices holding after serious negative news can be constructive, but a muted response alone does not prove buyers are taking control.
The available figures allow different interpretations. XRP was up over 24 hours but down over longer periods, and the research does not isolate the reported incident’s effect from other factors.
What it means for investors
What the XRP price signal can and cannot show
DonAlt’s view is a probability argument: if markets absorb very negative news without a sustained drop, he believes the balance may favour buyers over time. It is an opinion about market behaviour, not a forecast or price target. Exchange risk is distinct from XRP volatility, and the report’s reimbursement claim does not establish that customers or assets would face no risk in a future incident.
For anyone assessing the XRP price, separate the analyst’s interpretation from the data. His interpretation is that the lack of a sell-off echoes the early stages of the post-FTX recovery. The figures show a 0.38% 24-hour gain alongside substantial declines over longer periods. Crypto prices can move sharply in either direction.
Developments to watch include direct confirmation from Binance or authorities, more detail about the reported reimbursement, and whether prices hold as attention moves on. The supplied research has no independent confirmation of the incident or verified timeline for movements of stolen funds.
Bottom line
DonAlt sees the restrained response described by U.Today as a reason the XRP price is difficult to view bearishly, drawing on his interpretation of the 2022 FTX aftermath. The incidents differ, key details have not been independently verified in the supplied evidence, and XRP’s longer-term performance is negative. The current data cannot establish what happens next.
Sources
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
For advertising inquiries, please email . [email protected] or Telegram
