XRP largely moved with the market. This is XRP's largest 24-hour fall in 29 days. 1 XRP report is on the timeline below: 1 published before the largest hourly move and 0 during or after it. Timing alone does not show what caused the move.
A Binance withdrawal pause affecting XRP is a plausible trigger, while derivatives data offers weaker evidence of selling pressure. The fall included a sharp drop from the 24-hour high, with little rebound by the end.
A report published Oct 29, 14:54 UTC said Binance had paused XRP withdrawals after a hack. News of reduced access to withdrawals could have hurt sentiment, but the report does not establish when the pause began or its market impact.
The report is a news snippet, and no verified onset time or direct link to selling is provided.
Weaker possibilities: On OKX, buyer-initiated volume share was lower over Oct 29, 00:00–Oct 30, 00:00 UTC than in the previous 24 hours; open interest also declined, and settled funding shifted from positive to slightly negative. (OKX perpetual swap: settled funding, OKX perpetual swap: open interest, OKX perpetual swap: taker buy/sell volume)
Did the withdrawal pause materially affect XRP trading, and when did it begin relative to the fall? The move’s onset is not established.
Looked at the 24 hours to Oct 30, 2026, 00:46 UTC
Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. Methods →
Largest closed hourly move: -3.41%, Oct 29, 2026, 20:00–21:00 (UTC).
Moody's Ratings assigned an A2 long-term and P-1 short-term deposit rating to Ripple USD (RLUSD), Decrypt reported, citing RLUSD's Treasury-heavy reserves.
Report summaries say what each report stated; none is presented as the cause of the price move.