XRP News Today: XRP's Tariff-Triggered Crash Gives Way to Record Rebound Bid

XRP is poised to witness one of its most significant weekly price movements in history, according to veteran investor Patrick L. Riley. If the token closes the week at $3.1150, it would mark the most bullish weekly candle in its trading history, Riley stated in a recent analysis. This projection follows a dramatic 56% flash crash in XRP's price on Binance, which saw the asset plunge to $1.2543 from a 24-hour high of $2.8372. Despite the volatility, XRP has since rebounded approximately 100% to $2.40, positioning it for a potential 148% weekly gain from its intraweek low TheCryptoBasic^[1].

The flash crash was triggered by President Donald Trump's announcement of new tariffs on Chinese imports, which sent shockwaves through global financial markets. The move led to $19 billion in derivatives liquidations and erased $1.65 trillion in U.S. stock market value. XRP's price collapse mirrored broader market turmoil, with Bitcoin dropping from $122,550 to $102,000 and altcoins like SUI plummeting to near-historic lows TheCryptoBasic^[1]. However, Riley's analysis highlights XRP's resilience, noting that a weekly close above $3.115 would represent one of the token's strongest recoveries of 2025.

Historical context adds nuance to the current scenario. In December 2017, XRP recorded a 215% weekly gain, rising from $0.22598 to $0.70969. While a 148% weekly rebound would fall short of that milestone, Riley argues the current recovery aligns with XRP's historical tendency to perform strongly in the fourth quarter. The token closed Q3 2025 at $2.846, marking a 27.16% gain from its Q2 close and its highest quarterly close ever TheCryptoBasic^[1]. Analysts attribute this resilience to XRP's historical performance, which averages a 140% gain in Q4. Notable examples include a 240% surge in Q4 2024 and a record 1,064% rally in Q4 2017 .

Technical analysis further supports a bullish outlook. XRP has established support at $2.80, with a descending triangle pattern suggesting a potential breakout to $3.66. On-chain data indicates significant activity around this support zone, where nearly 4.3 billion XRP were acquired. Alpha Crypto Signal analysts note that a breakout above $3.00 could trigger a rally toward $3.40–$3.66, fueled by institutional buying and ETF-related inflows TimesTabloid^[3].

Regulatory developments could amplify XRP's momentum. The U.S. Securities and Exchange Commission (SEC) is set to rule on six spot XRP ETF applications between October 18 and November 14, including Grayscale's proposal. Approval of these products could unlock billions in institutional capital, mirroring the impact of Bitcoin ETFs. Analysts project that XRP could reach $20–$30 by 2026 if ETFs attract sustained demand .

Market participants remain cautious, however. The recent flash crash exposed vulnerabilities in leveraged positions, with $9.4 billion in liquidations reported across exchanges. While XRP's rebound has stabilized its short-term outlook, analysts warn of potential bull traps if resistance levels at $3.07, $3.13, and $3.30 fail to hold .