XRP fell 4.2% in the 24 hours to 1:23 p.m. ET on Friday, Oct. 30, as the $6.3 billion Binance hack rattled the industry, while the S&P 500 and Nasdaq Composite were down 1.8% and 3.1%. Hackers drained Binance hot wallets holding 10 cryptocurrencies, and Arkham said the first $300 million to leave was XRP. Ripple helped freeze about $200 million of its RLUSD stablecoin but cannot do the same for XRP, the native token of the XRP Ledger. The author argues that RLUSD is more attractive than XRP to banks and financial institutions that prioritize stability and security.
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Related tickers and likely impact
XRP/USDT
▼ Likely negativeXRP
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $82.0B |
| Close on 10/29/2026 | 1.23770 |
| Change that session | -6.66% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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