XRP Drops 10.8%, Worst Month Since April, Ahead of Spot ETF

Published: 2025-11-01 00:55:08 |

XRP fell 10.8% in October—its worst monthly decline since April 2025—according to CryptoRank. Early gains had raised Uptober rally hopes, but mid-month consolidations and broader crypto market pressure erased returns. Year-to-date, XRP remains a top performer, with notable rallies including 46% in January and 35% in July. Traders are now eyeing the November debut of the first U.S. spot XRP ETF and ongoing Ripple network developments as potential catalysts. Technical indicators, such as a neutral RSI and steady on-chain accumulation by long-term holders, suggest underlying support. However, profit-taking and global economic uncertainty weighed on October’s performance. Market participants will watch ETF approvals closely, which could attract institutional capital and fuel renewed bullish momentum.

Neutral

While XRP’s 10.8% drop in October signals bearish pressure, technical indicators and steady on-chain accumulation provide a supportive foundation. The upcoming U.S. spot ETF launch and Ripple’s ongoing network developments offer potential bullish catalysts, balancing short-term weakness with mid-term optimism. Overall, the market impact is neutral as traders weigh downside risks against the prospect of renewed institutional demand.