
Ripple Without XRP? The Shocking Truth About Its Future Without the Token! CCN.com
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Leading cryptocurrencies tumbled alongside stocks on Thursday, as the U.S.-China trade truce failed to cheer investors.
Bitcoin's descent continued as the apex cryptocurrency sank to an intraday low of $106,376.69. Trading volume jumped 16%, indicating high downside pressure.
Ethereum dipped below $3,700 late evening, but recovered some losses overnight. XRP and Solana fell over 3% in the last 24 hours.
Bitcoin's market dominance nearly hit 60%, while Ethereum's share dropped to 12.6%.
Over $1 billion was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with $950 million in long positions evaporated.
That said, nearly $580 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rebounds to $117,000.
Bitcoin's open interest fell 2.42% in the last 24 hours, although the percentage of Binance traders with long positions increased to 71%.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $3.67 trillion, contracting 1.87% in the last 24 hours.
Stocks extended their losses on Thursday. The Dow Jones Industrial Average slid 109.88 points, or 0.23%, to close at 47,522.12. The S&P 500 lost 0.99%, settling at 6,822.34. The tech-focused Nasdaq Composite dipped 1.57% to close the session at 23,581.14.
Investors found little substance in the U.S.-China trade truce following President Donald Trump’s "amazing" meeting with Chinese leader Xi Jinping.
Trump agreed to slash fentanyl-related tariffs by 10%, bringing down the overall tariffs on Chinese imports from 57% to 47%. China, in return, paused its export controls on rare earths and promised to buy more U.S. agricultural goods like soybeans and sorghum.
Hawkish remarks from Federal Reserve Chair Jerome Powell the day before tempered hopes of a year-end rate cut, sending markets lower.
Chris Kline, COO & Co-Founder at BitcoinIRA, weighed in on the market's underperformance in October in a note to Benzinga.
"The traditional ‘Uptober' post-halving cycle doesn’t exist in a vacuum. This year, we’re also operating in an ecosystem of all-time highs for crypto, gold, and stocks, alongside government shutdowns over contentious budget decisions and ongoing trade battles," Kline said.
The analyst added that while cycles aren't "perfect," Bitcoin's controlled supply dynamics is keeping it "stable."
Widely followed cryptocurrency analyst and trader Ali Martinez said Ethereum could hit the $10,000 target, but not before a sharp retracement.
"We may first get a price correction to $2,000," Martinez predicted. "From there, ETH can break past $5,000 and then reach the $10,000 target."
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da Silva had 19 points (5-11 FG, 3-7 3Pt, 6-6 FT), three rebounds, one assist and three steals over 22 minutes during Thursday’s 123-107 victory over the Hornets.
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Vincent Scott, a well-known voice in the XRP community, urged patience while restating a big claim: he called XRP and the XRP Ledger humanity’s “best chance” to change how money moves around the globe.
His message, shared on X, mixed optimism about Ripple’s corporate moves with a warning that legal clarity must come first.
License Moves And Market Positioning
According to Scott, Ripple’s licensing work, recent acquisitions and new partnerships show the company is lining up for much bigger demand for XRP.
He argued the token’s real value is practical — it can act as gas for transactions or as a bridge currency to move value between different systems.
XRP/XRPL is the best chance we got
We see Ripple the company making all the moves to drive demand and solidify themselves with licensing, acquisitions, and relationships
We know the laws are the goalpost
We understand the concept of it: that XRP is backed by its use to…
Economic And Political Impact
Scott believes these changes could cut fraud, increase competition among banks and other payment providers, and speed up settlements.
He also suggested that if countries needed smaller foreign reserves because payments were easier and cheaper, that would shift long-held financial balances.
That kind of shift could face strong pushback. Scott noted a decentralized payment and reserve setup “ruins the existing power structure,” meaning political resistance is likely. Community Voices Split
The post prompted a range of reactions from within the XRP crowd. Nenad Stojkovic said Ripple stands out because of its infrastructure and regulatory steps, calling it a rare “serious financial company” in crypto — a view Scott agreed with.
One user, SonOfRichard, argued Ripple’s new product Ripple Prime might lift XRP even without new laws, since it’s already compliant with some rules.
Scott pushed back, replying that real progress still needs clear laws. Other voices were critical; Tommy Raz questioned the company’s top leaders.
He spoke in their favor, saying their actions match the stated mission and that some online comments, especially from Ripple’s CTO David Schwartz, get misunderstood.
I find the #XRP vs ETH debate, and who will outperform fascinating. Certainly Ethereum will fairly soon explode, however, I am coming back to this XRP/ETH chart. Take a look where the bounce occurred and what happened when XRP bounced from that support (twice) in 2017. Also, the… pic.twitter.com/8MlLWi2cjy

Market Snapshot And Analyst View
Meanwhile, a separate market watcher, CryptoBull, said Ethereum is set to surge soon but predicted XRP would outperform ETH in the near term.
Based on market moves, ETH recovered 9% to over $4,200 on Oct. 27 while XRP climbed 10% to $2.68 in the same stretch. Both later fell from those highs.
ETH remains only up 1.4% from its Oct. 22 lows. XRP, by contrast, has kept a 6% gain and sits above the key $2.5 mark.
According to Scott, no major shift will happen until regulators and lawmakers finish their work. He pointed to comments from Rep. French Hill, chair of the House Financial Services Committee, who said Congress could pass the CLARITY Act by the end of the year if the Senate moves.
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Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

Bitcoin price fell 4% in 24 hours to $108,398 after President Donald Trump announced tariff reductions. The decline followed a US-China trade agreement reached during talks in South Korea. The broader cryptocurrency market dropped by over 4% as investors reacted to the policy changes.
President Donald Trump met with Chinese President Xi Jinping in South Korea for a two-hour meeting. The leaders reached a one-year trade deal focused on rare earths and critical minerals. The agreement resulted in substantial tariff reductions between the two nations.
The United States reduced overall tariffs on Chinese merchandise from 57% to 47%. Trump also decreased the fentanyl-related tariff to 10% as part of the agreement. China committed to purchasing US soybeans and reducing fentanyl production in exchange.
Trump described the meeting as “amazing” and expressed optimism about future cooperation. The agreement includes provisions for both leaders to revisit terms after one year. President Xi plans to visit the United States, while Trump will travel to China in April 2026.
The trade deal extends beyond China to include fresh agreements with Japan and South Korea. These arrangements signal closer economic cooperation across the Asia-Pacific region. Investors responded to the news with mixed reactions across global markets.
The Bitcoin price has revisited crucial support between $107,000 and $108,000, according to crypto analysts. The cryptocurrency recovered after touching this zone and provided short-term relief to traders. However, analysts warn that the Bitcoin price must reclaim $113,500 to establish upward momentum.
$BTC tapped the $107,000-$108,000 support zone again.
Good to see a bounce back, but Bitcoin needs to reclaim the $113,500 zone soon.
A weekly close below that level will increase the likelihood of a bigger correction. pic.twitter.com/q7C46H8ivb
— Ted (@TedPillows) October 30, 2025
The Bitcoin price currently trades near $107,600 on the four-hour chart, having extended its losses. The cryptocurrency failed to hold above the $110,000 support level, triggering a fresh wave of selling. The Relative Strength Index (RSI) is currently at 29.36, indicating oversold conditions.
The Moving Average Convergence Divergence (MACD) line dropped below the signal line, confirming bearish sentiment. The red histogram bars indicate that downward momentum is expected to continue in the near term. Technical indicators suggest ongoing pressure on the Bitcoin price, despite oversold readings.
A breakout above $110,000 could attract short-term buyers and pave the way for higher levels. Bitcoin price may target $113,500 and $115,000 if bulls regain control of the market. Conversely, continued weakness below $107,000 threatens deeper losses, potentially reaching $104,000 and $101,500.
Analysts emphasize that the Bitcoin price must break above $113,500 on a weekly basis. Failure to overcome this resistance could lead to a larger market correction. The cryptocurrency is facing critical tests at its current support levels as traders assess the market direction.
Maxwell is a crypto-economic analyst and blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
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