--- title: "Why did XRP drop 6.6% on October 29, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/ripple/2026-10-29" date: 2026-10-29 --- # Why did XRP drop 6.6% on October 29, 2026? 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. On October 29, 2026 (UTC), XRP went from about $1.33 to $1.24 (-6.64%) on OKX · USDT, trading between $1.22 and $1.33. 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. ## What may be driving 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. - trigger · medium: 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. Evidence gap: The report is a news snippet, and no verified onset time or direct link to selling is provided. Sources: [S13]() - amplifier · low: 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. This is consistent with weaker buying and could have amplified the fall, but does not establish liquidations or directional position changes. Evidence gap: These are one-venue measures, and their timing does not establish that positioning changes preceded or caused the fall. Sources: [S5](), [S7](), [S8]() Open question: Did the withdrawal pause materially affect XRP trading, and when did it begin relative to the fall? The move’s onset is not established. Analysis generated: 2026-10-30T00:47:19.000Z; evidence window: 2026-10-29T00:46:57.000Z → 2026-10-30T00:46:57.000Z. - Day open / close: $1.33 → $1.24 (24 hourly candles, OKX · USDT) - Day range: $1.22 – $1.33 - Versus Bitcoin: -6.64% / BTC -4.11%; About -1.1 points of the move is its own after allowing for Bitcoin - Versus the past month: Its largest 24h fall in 29 days; -6.64% in the 24 hours to Oct 30, 2026, 00:00 UTC, 5.1× a typical day (1.3%). - 30-day range: 20.4% below the high · 1.2% above the low; From hourly highs and lows on the same venue - Other tracked coins: 13 of 13 others also fell 2.2% or more - 24h volume: 1.8×; of its prior 30-day daily average - Perpetual swap: funding near zero · open interest rising; OKX perpetual swap XRP-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. ## XRP timeline around October 29, 2026 Largest closed hourly move: -3.41%, Oct 29, 2026, 20:00–21:00 (UTC). - Oct 28, 2026, 09:15 UTC (before the largest hourly move): [Moody's assigns A2 and P-1 ratings to Ripple's RLUSD stablecoin]() · The Block — 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. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-10-29 (UTC) - [Quack AI (Q) -29.02%]() - [Pons (PONS) -21.29%]() - [Ethena (ENA) -16.29%]() - [NEAR Protocol (NEAR) -14.24%]() - [Raydium (RAY) -12.52%]() [XRP price and news]() [Methods and limitations]()