XRP Price Rebounds From $1.20 Into a Wall of Broken Support

At 08:55 UTC on Friday, October 30, 2026, XRP traded at $1.25, up 1.45% on the day, after buyers reversed an overnight drop to $1.20 that followed reports of a $6.3 billion hack at Binance. The rebound reached $1.27 but stalled below the 200-day moving average at $1.27 and the 100-day average at $1.30, both lost in a sharp Thursday selloff. Those former support levels now sit above the price as resistance. XRP has moved inside a descending channel since peaking at $1.70 in August, and it remained below all three main moving averages, including the 50-day at $1.39.