XRP Faces Critical Test Amid Sell-Off Pressure Following Recent Hack
Ripple's XRP is testing key support levels after failing to break out of a descending channel.
Ripple's XRP is testing key support levels after failing to break out of a descending channel. XRP (XRP) is trading at $1.24, down 0.8% since this brief published. This is an original TLT brief based on reporting by CryptoPotato, with live market data added, as of Sat, 31 Oct 2026 07:45:03 UTC.
The current price action is crucial for determining if XRP can maintain its August recovery trend or if it will face a deeper downturn.
- XRP is trading around $1.25 after failing to break above its descending channel.
- The token is currently testing a key Fibonacci support level.
- Market sentiment remains cautious with a Fear & Greed index of 30 (Fear).
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- XRP Faces Critical Test Amid Sell-Off Pressure Following Recent Hack — this brief
Ripple's 
XRP is currently experiencing increased selling pressure as it has failed to break above the upper boundary of its short-term descending channel.
The token is now trading around $1.25, having slipped into a key Fibonacci support area. This level is critical as the reaction here could determine the future direction of the cryptocurrency.
Market analysts are closely watching this support level to see if it can hold, as a failure to do so might lead to a more significant downturn. Conversely, a bounce from this level could reignite the recovery trend that began in August.
The broader cryptocurrency market is also facing downward pressure, with the total market cap at $2.67 trillion and 
Bitcoin down 1.57% over the past 24 hours. The overall market sentiment remains cautious, as indicated by the Fear & Greed index at 30, which signifies a state of fear.
XRP's current price of $1.25 represents a 1.30% decrease over the past day and a 3.13% decline over the past week. The token's market cap stands at $79 billion.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.25 to $1.24 — -0.80%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,705.62 (about $1.24), down 0.5% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP Faces Critical Test Amid Sell-Off Pressure Following Rec — questions & answers
What is the significance of the current Fibonacci support level for XRP?
The Fibonacci support level is crucial as it could determine whether XRP continues its August recovery or faces a deeper retracement.
How is the broader market affecting XRP's price?
The overall market downturn, with Bitcoin down 1.57%, is adding to the selling pressure on XRP.
What is the Fear & Greed index indicating?
The Fear & Greed index at 30 suggests that market sentiment is cautious, indicating a state of fear.
How much is 1 XRP worth in naira today?
About ₦1,705.62 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.24. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.80% since this brief first published — trading at $1.24 now versus $1.25 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoPotato. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.