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XRP Falls 18.7% in October: Support at $1.20 & What the OCC Win Actually Means
Audio is available on Spreaker — see link below.
XRP shed 18.7% in October, triggered $37.6M in liquidations, and kept falling even as Ripple's OCC banking approval landed — here's why the disconnect matters. Today's briefing breaks down the $1.20 support test, collapsing ETF inflows, and the November catalysts that could finally move price.
Audio is available on Spreaker — see link below.
Ripple just received final federal banking approval, and XRP kept falling anyway. That disconnect is the clearest signal of where things actually stand right now.
October was a damaging month for XRP holders. The token dropped eighteen point seven percent, closing around one dollar twenty-five, and the past twenty-four hours alone triggered thirty-seven point six million dollars in liquidations.
Institutional appetite also faded. Spot XRP ETF assets declined from one point seven billion to one point four seven billion dollars over the month.
November now sets up as a test. The next meaningful support level is one dollar twenty.
One development worth watching on the ledger side: the fixCleanup3_4 amendment is scheduled for activation around November fourth, after validator support recovered to thirty-one of thirty-five. It addresses a token-creation loophole and corrects vault calculation logic.
The real tests in November are straightforward. One dollar twenty is the number.
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