XRP support weakened after the token fell below its 200-day moving average for the first time since August, according to U.Today. The outlet linked the decline to news of a Binance hack and economic data affecting crypto markets. XRP rebounded from Friday’s low but remained below the technical level when the report was published.
Traders are watching the 50-week moving average as weekly support, U.Today said. Investors were also looking ahead to jobs data, including the October nonfarm payrolls report due Friday. The price levels cited by the outlet are conditional scenarios, not assured outcomes.
Key Takeaways
- XRP fell below its 200-day moving average after reaching a low of $1.19 on Friday, according to U.Today.
- U.Today says traders are watching the 50-week average. If it breaks, $1 or $0.98 could be possible downside areas; if it holds, $1.70 could be in view.
- XRP was at $1.25 at 06:13 UTC on November 1, up 0.67% over 24 hours but down 18.02% over 30 days, according to CoinGecko.
- U.Today reported Binance statements about fund allocation and reserve backing. Investors were also watching for October US employment data.
What happened to XRP support
In its November 1 report, U.Today said XRP was trading below its 200-day moving average for the first time since August 2026. The token briefly dipped below the average in mid-September and twice in October, but those moves did not last.
The latest decline followed news of a Binance hack that surfaced on Thursday. U.Today said nearly $300 million in XRP was impacted, describing the incident as the largest crypto theft on record and reporting that $6.3 billion in client assets had been affected. The outlet said crypto prices dropped after the news.
According to U.Today, XRP reached $1.22 on Thursday and then fell to $1.19 on Friday. Investors were weighing economic data and the Federal Reserve’s latest interest-rate decision, the outlet said. XRP then rebounded, but had not regained the 200-day average when U.Today reported.
Background and context for XRP support
U.Today said traders are watching whether XRP can hold above the 50-week moving average, which the outlet described as weekly support. If it breaks, $1 and $0.98 are possible downside areas. If XRP holds above it, the price might reach $1.70, according to the report. U.Today did not state the moving average’s exact value, and these levels are conditional scenarios.
The report also cited economic news. U.Today said the personal consumption expenditures price index rose 0.5% month over month and 3.6% year over year, exceeding the Federal Reserve’s 2% target. The central bank had held its key interest rate steady a day before news of the Binance attack, according to the outlet. U.Today said these events affected crypto markets alongside the hack news.
U.Today reported statements from Binance co-founder Yi He. The outlet said Binance had allocated $6.34 billion from its own funds to buy major cryptocurrencies, including XRP and RLUSD. It also reported Binance’s statement that XRP, RLUSD and other major cryptocurrencies in its current user fund had 100% reserve backing. These are statements about Binance’s position as reported by U.Today.
Market reaction and XRP price levels
CoinGecko data at 06:13 UTC on November 1 showed XRP at $1.25, up 0.67% over 24 hours, down 4.46% over seven days and down 18.02% over 30 days. Bitcoin and Ethereum were also up over 24 hours and down over 30 days at that timestamp.
| Asset | Price on November 1 | 24-hour change | 30-day change |
|---|---|---|---|
| XRP | $1.25 | +0.67% | -18.02% |
| Bitcoin | $77,876 | +0.85% | -10.19% |
| Ethereum | $2,271.22 | +1.34% | -17.29% |
These prices and percentage moves are from CoinGecko at 06:13 UTC on November 1, 2026. The Crypto Fear & Greed Index was 34, classified as Fear, on November 1, according to Alternative.me. The index gives a classification; it does not establish what caused a particular asset’s price move.
U.Today said XRP had rebounded from Friday’s low but remained below its 200-day average at publication. Traders were watching that level as well as the 50-week average.
What to watch next for XRP support
The technical question in U.Today’s report is whether XRP can hold above its 50-week moving average. A break could put $1 or $0.98 in view, while holding above it could leave $1.70 as a possible level, the outlet said. These are scenarios, not certain outcomes, and the report did not give the average’s exact price.
U.Today said investors were looking ahead to jobs data in the coming days, including the October nonfarm payrolls report due Friday. The report does not say how the release might affect XRP’s price. It also does not establish how Binance’s statements about fund allocation and reserve backing could affect XRP or the wider market.
FAQ
What is the key XRP support level now?
U.Today says traders are watching the 50-week moving average as weekly support. The outlet cited $1 and $0.98 as possible downside areas if it breaks, but did not state the average’s exact price.
Why did XRP fall below its 200-day moving average?
U.Today reported that XRP fell after news of the Binance hack surfaced and said crypto prices dropped after the news. It also cited economic data and the Federal Reserve’s decision to hold interest rates steady that week as factors affecting crypto markets.
Does falling below the 200-day average mean XRP will keep falling?
The report does not establish that outcome. U.Today said the move raises questions about near-term momentum but does not necessarily end XRP’s recovery prospects. The outlet described possible price scenarios based on whether XRP holds above weekly support.
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.
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