John Lilic, founder and Chief Strategy Officer of Tria, believes XRP will eventually overtake Ethereum (ETH) in market value as global payments move to the XRP Ledger (XRPL).
In an interview with XRP influencer Eri, Lilic explained how Ripple’s ecosystem will attract billions of dollars in weekly payments by combining its RLUSD stablecoin, payment cards, and neobank services.
How the $35 Billion Opportunity Works
Lilic believes Ripple will work with payment companies like Visa or Mastercard to introduce credit cards powered by RLUSD. In his view, combining these cards with banking and money management services will help Ripple attract more users and challenge traditional payment providers.
He estimates that Visa processes around $350 billion in payments weekly. Capturing just 10% of that volume would generate approximately $35 billion in weekly payments for Ripple.
Lilic also projects that the strategy will create at least $10 billion in new RLUSD over three years.
Why This Benefits XRP
According to Lilic, payments will be settled on the XRP Ledger, placing XRP at the center of this financial activity. He believes this increased network adoption will drive XRP’s market value higher and position it to overtake Ethereum.
Interestingly, Lilic describes himself as an early Ethereum supporter, making his prediction about XRP particularly notable.
In simple terms, capturing just 10% of Visa’s payment business would direct approximately $35 billion in weekly payment volume through the XRPL ecosystem. Lilic sees this as a major catalyst for XRP adoption and its potential rise above Ethereum in market value.
XRP Needs About 255% Growth to Overtake Ethereum
Ethereum currently commands a significantly larger market value than XRP. It trades at $2,282 per coin, with a market capitalization of $278.85 billion. Meanwhile, XRP sells at $1.24 per token, with a market capitalization of $79.13 billion.
In other words, Ethereum leads XRP by $199.72 billion in market capitalization. For XRP to match Ethereum’s current market value, its price must rise from $1.24 to approximately $4.40.
That represents a gain of roughly 255%, assuming the circulating supply of XRP remains unchanged and Ethereum’s market capitalization stays at its current level.
However, ETH’s price is unlikely to remain unchanged while XRP’s value expands by threefold. Essentially, each rise in ETH widens the gap and makes an XRP flip harder to achieve.
Will $35 Billion in Weekly Payments Drive XRP Higher?
Lilic believes that processing $35 billion in payments every week will significantly expand activity on the XRP Ledger. That payment volume represents:
Weekly: $35 billion
Yearly: $1.82 trillion
Over three years: $5.46 trillion
However, payment volume does not translate directly into an equivalent increase in XRP’s market value. Similarly, creating $10 billion worth of RLUSD does not mean that $10 billion will flow directly into XRP.
The actual impact on XRP depends on the token’s role in payment processing, transactions, liquidity provision, and settlement activity.
Indeed, Ripple’s expansion into global payments represents a significant growth opportunity for the XRP Ledger. If XRP plays a central role in facilitating that activity, increased utility and demand will strengthen its position in the crypto market.
Lilic believes this payment-driven expansion will help XRP close the valuation gap with Ethereum and ultimately challenge its position as the second-largest cryptocurrency.
XRP’s prolonged weakness is fueling a sharper divide within the community, with some holders questioning Ripple’s strategy while others view the growing frustration itself as a possible contrarian signal.
XRP currently trades near $1.25, with CoinMarketCap data showing the asset down roughly 15% over the past 30 days. The decline has come despite a series of Ripple and XRP Ledger developments, widening the gap between expectations around adoption and XRP’s actual market performance.
Against that backdrop, XRP commentator Zach Rector argued that extreme frustration has historically appeared near important turning points.
“Usually when people are crying this much about XRP price it’s a sign we are about to absolutely rip to the upside,”Rector said.
The observation is sentiment-based rather than a technical signal and does not establish that an XRP rally is imminent.
XRP Price Weakness Fuels Stronger Criticism
The response from some XRP holders shows how deeply the latest price action has affected sentiment.
One critic argued that investors willingly took the risk of buying XRP but claimed the community had spent years supporting a vision that primarily benefited Ripple insiders. The post went further by labeling the project a scam and Ponzi scheme, but provided no evidence establishing those allegations.
Another response focused more specifically on Ripple’s growing stablecoin business.
The critic argued that banks may prefer stablecoins because they avoid the volatility associated with assets such as XRP and questioned whether Ripple USD could compete with XRP for institutional use cases. The post also claimed XRP should already trade between $15 and $20 if its utility were as substantial as supporters suggest.
That valuation claim was not accompanied by a model connecting XRP’s network usage to a $15-$20 market price.
RLUSD and XRP Serve Different Roles
The underlying concern—that institutions could favor stablecoins for certain transactions—is not without context. Ripple itself markets RLUSD specifically for payments, trading, treasury management and settlement where price stability is important.
However, Ripple distinguishes the stablecoin from XRP.
Its official documentation describes XRP as the XRP Ledger’s native bridge asset with a market-determined price, while RLUSD is a dollar-backed asset intended for transactions requiring stable value. Ripple has also described the two assets as complementary rather than interchangeable.
Ripple executives have likewise continued publicly positioning XRP as central to the company’s longer-term strategy. At Swell 2026, Brad Garlinghouse described XRP as foundational to Ripple’s financial infrastructure ambitions, as covered by The Crypto Basic’s report on Ripple’s five-year XRP outlook.
None of those developments guarantee higher XRP prices.
Rector’s argument ultimately rests on a familiar contrarian idea: when investor frustration becomes extreme, much of the selling pressure may already have occurred.
But sentiment by itself cannot confirm a market bottom.
For XRP, the more observable test remains price. After losing the $1.30 region, the asset would need to reclaim and hold higher resistance levels before the current bearish structure begins to materially improve.
For now, the contrast is unusually sharp: Ripple continues expanding XRP and RLUSD infrastructure while some holders are becoming increasingly dissatisfied with XRP’s price. Whether that frustration marks capitulation or simply reflects continued weakness will depend on what price does next.
XRP has entered November after closing October with a 16% loss, marking its fourth-worst October since monthly records in the dataset began in 2013.
Only three Octobers were weaker: 2013 at -44.8%, 2018 at -22.9%, and 2024 at -16.6%. The latest decline also leaves XRP trading around $1.25 at the start of November.
XRP fell 16% in October 2026, its fourth-worst October since 2013, while historical November returns show a -9.1% median but a +78.3% outlier-driven average.
However, XRP’s November history presents an unusual picture. Most Novembers have actually finished lower, yet a handful of extraordinary rallies have pushed the month’s average return deeply into positive territory.
XRP Has Closed November Lower More Often Than Higher
Across the 13 completed Novembers between 2013 and 2025, XRP finished in the red seven times, compared with six positive closes.
That translates to:
53.8% red Novembers
46.2% green Novembers
The median November return is -9.1%, meaning the middle result across the historical sample is negative.
Yet the average tells a dramatically different story.
XRP’s average November return stands at +78.3%. At first glance, that would make November appear exceptionally bullish, but the underlying data shows why the figure requires context.
Four Explosive Novembers Distort the Average
Four months account for most of the unusually high average:
November 2013: +489.1%
November 2014: +148.2%
November 2020: +179.2%
November 2024: +282.9%
Removing those four triple-digit rallies leaves the other nine completed Novembers with an average return of approximately -9.0%, based on our calculation from the historical table.
That almost perfectly matches the full-period median of -9.1%.
The distinction is important. XRP’s November history has not typically produced gains anywhere close to 78%. Instead, the average is heavily influenced by several exceptional periods of rapid price expansion.
What Happened After Previous Red Octobers?
XRP’s latest setup becomes more interesting when the sample is narrowed specifically to years in which October also finished lower.
Between 2013 and 2025, XRP recorded eight red Octobers.
Five of those were followed by another red November, while only three produced a positive November. That means a red October was followed by another monthly decline 62.5% of the time in this small historical sample.
But the three exceptions were striking.
After October fell 44.8% in 2013, XRP gained 489.1% in November. A red October in 2020 preceded a 179.2% November rally, while the 16.6% October decline in 2024 was followed by a 282.9% gain.
This creates a highly uneven historical distribution: red October has more often been followed by further weakness, but every positive November following a red October in this dataset produced a triple-digit return.
That pattern should not be treated as a forecast for November 2026. Thirteen completed November observations—and only eight red-October cases—are too small a sample to establish a dependable seasonal outcome.
The monthly table also provides no evidence for whether weakness would occur in the first half of November and strength in the second half; it only records the final return for each complete month.
For November 2026, the key takeaway is therefore less about the +78.3% historical average and more about the distribution underneath it: XRP has usually struggled in November, but its rare positive outliers have historically been exceptionally large.
Bitcoin and Ethereum rebound as UNI gains 3.4%, HYPE holds its weekly advance and INJ lags. November 2 analysis maps key support, resistance and daily signals.
Asset
USD price
24-hour change
Aggregate 24-hour volume
Market-cap rank
Bitcoin (BTC)
$78,654
+1.26%
$81.59 billion
1
Ethereum (ETH)
$2,306.29
+1.83%
$6.65 billion
2
Injective (INJ)
$7.23
−1.54%
$53.02 million
88
Hyperliquid (HYPE)
$88.74
+1.34%
$1.09 billion
11
Uniswap (UNI)
$7.28
+3.37%
$479.60 million
22
Bitcoin Recovers but Remains Below Falling Daily Averages
Bitcoin closed Sunday at $78,239.20, gaining 1.04% after trading between $77,385.80 and $78,415.50. The session established a higher high and higher low than Saturday, extending the recovery from Friday’s $76,155.50 low. However, the $79,120.80 support lost in our October 30 report remained overhead.
BTC/USD forms a higher daily high and low but remains below falling 20-day and 50-day EMAs near $80,381 and $80,302.
The 20-day exponential moving average fell to $80,380.72 from $80,606.14, while the 50-day EMA declined to $80,302.25 from $80,386.46. Price stayed beneath both. The faster average remained slightly above the slower one, so a bearish crossover had not occurred on a completed daily candle.
Short-term conditions were stronger. The latest completed four-hour candle closed at $78,515.30, above its 20-period EMA at $78,132.05 but below the 50-period EMA at $79,113.26. That leaves the longer four-hour average close to the broken $79,120.80 floor.
A daily close above Friday’s $78,667.30 high would improve the rebound, followed by a reclaim of $79,120.80. The daily averages near $80,302–$80,381 are the next broader test. Losing Sunday’s $77,385.80 low would weaken the higher-low sequence; support then sits at $77,000 and $76,155.50. A close below the latter would invalidate the immediate recovery base.
Ethereum’s Bearish MACD Gap Narrows as Price Reclaims $2,279.80
Ethereum closed Sunday at $2,272.35, up 0.88%, after a $2,245.34–$2,274.69 session. That confirmed a close above the $2,258.80 recovery threshold identified in Saturday’s report. The latest $2,306.29 price was 3.05% above the price recorded in that edition.
ETH/USD daily MACD remains bearish, but its histogram narrows to −8.87 as the four-hour recovery clears $2,279.80.
Daily MACD, using 12- and 26-period exponential averages and a nine-period signal EMA, showed easing bearish momentum. The line stood at −70.35 against a −61.48 signal. The histogram narrowed below zero to −8.87 from −11.64. This was an improvement within an existing bearish signal, not a bullish daily crossover.
The four-hour chart had already confirmed a line-signal bullish crossover on the candle ending October 31 at 20:00 UTC. Its latest histogram increased to +8.30, while the completed candle closed at $2,306.14, above $2,279.80. The short-term reclaim is confirmed; Monday’s unfinished daily candle has not yet confirmed it on the daily timeframe.
Holding $2,279.80 and clearing $2,319.54 would strengthen the recovery toward $2,376.99–$2,389.93. A return below $2,274.69 would weaken the latest breakout. Support then lies at $2,245.34 and $2,233.75, ahead of Friday’s $2,170 low. A daily close beneath $2,170 would invalidate the recovery from that low.
Injective Holds Above $6.90 With RSI Still Below Neutral
Injective closed Sunday at $7.183, slipping 0.44% after trading between $6.996 and $7.429. Both the high and low were beneath Saturday’s levels. Price remained above Friday’s $6.900 low, but the latest session did not establish a convincing reversal of the decline from October’s highs.
INJ/USD holds above $6.900 while daily RSI slips to 42.27, leaving $7.429 and $7.552 as nearby resistance.
The daily 14-period RSI, calculated with Wilder smoothing, eased to 42.27 from 42.64. It stayed below the neutral 50 level and above the conventional oversold threshold of 30. That indicates weak momentum without an oversold reading that would, by itself, establish a buying signal.
The last completed four-hour candle closed at $7.242, with RSI at 45.99. Short-term momentum was stronger than the daily reading but also remained below neutral. The latest $7.23 price was still below Sunday’s high.
A daily close above $7.429 would break the latest lower high. Saturday’s $7.552 high comes next, followed by the $7.676–$7.687 area formed by the October 28 and October 27 lows. Those former supports are potential recovery obstacles. Losing $6.996 would put $6.900 back under pressure; a daily close below $6.900 would confirm a fresh low for the latest 20-session range and invalidate the current stabilization attempt.
Hyperliquid Consolidates Inside Its Bollinger Bands
Hyperliquid closed Sunday at $87.78, down 0.11%, in an $86.53–$88.58 range entirely inside Saturday’s session. The consolidation followed Thursday’s surge to $97.00 and Friday’s lower $93.87 high. Price still held above the $82.45 breakout level discussed in our October 30 report.
HYPE/USD consolidates inside its Bollinger Bands, above the rising $81.15 midpoint but below the $89.27 upper boundary.
Daily Bollinger Bands, using a 20-day simple moving average and two population standard deviations, placed the midpoint at $81.15 and the upper band at $89.27. The midpoint rose from $80.80. HYPE had closed above its upper band on Thursday and Friday, then returned inside on Saturday and remained there Sunday.
That leaves price above a rising daily midpoint, while the strongest part of the expansion has cooled. The latest completed four-hour close of $88.50 remained below its $88.89 midpoint. HYPE’s 24-hour gain and Sunday’s slight decline cover different periods.
A daily close above $88.58 would clear the inside-day high. The upper-band area and Saturday’s $90.04 high are the next tests, followed by $93.87 and $97.00. A break below $86.53 and $86.19 would weaken consolidation and expose $82.45. Losing that former breakout level would undermine the recovery toward the daily midpoint. Band values will change with subsequent closes.
Uniswap Advances on Above-Average Daily Volume
Uniswap closed Sunday at $7.2052, gaining 1.98%, after reaching $7.3929 and finding support at $6.9852. The session produced a higher high and higher low than Saturday. However, the close remained just beneath Saturday’s $7.2198 high, leaving part of Sunday’s intraday advance unconfirmed at the close.
UNI/USD gains 1.98% on volume 28% above its preceding 20-session average, with $7.3929 and $7.5149 still overhead.
Daily turnover reached 661,181 UNI, compared with an average of 515,478 UNI over the preceding 20 completed sessions. Participation was therefore about 28% above that benchmark and 35% above Saturday’s volume. This supports the observation that Sunday’s advance attracted more trading, although it does not guarantee a sustained breakout.
The latest completed four-hour candle closed at $7.2866, above $7.2198 but below Sunday’s high. That improves the short-term structure without establishing a daily close above the latest resistance.
A daily close above $7.3929 would strengthen the recovery toward the October 29 high at $7.5149. Clearing that level would bring the October 21 high of $7.7924 into view. A return beneath $6.9852 would weaken Sunday’s higher-low formation; losing $6.8688 would expose the recent $6.2519–$6.2577 base. A daily close below that base would invalidate the rebound despite Sunday’s stronger volume.
A Binance hack-linked wallet moved 80M XRP worth about $101M in 50 seconds, while a separate Binance address transferred another 50M XRP.
Large XRP transfers returned to focus after an address linked to the recent Binance hack moved 80 million XRP in two transactions within just 50 seconds, while a separate Binance wallet transferred another 50 million XRP to an unidentified address.
The three transactions involved a combined 130 million XRP, worth approximately $163.3 million at the prices recorded by Whale Alert when the transfers occurred.
However, only 80 million XRP can currently be connected to the hack-linked wallet. The separate 50 million XRP transaction should not be treated as part of the exploit based on available on-chain labeling.
Binance Hack Wallet Splits 80M XRP Between Two Addresses
The most significant activity occurred early Monday, Nov. 2.
At 03:55:31 UTC, an address labeled by Whale Alert as “Binance Hack 2026” transferred 40 million XRP, valued at approximately $50.44 million, to an unknown wallet. XRP was priced at about $1.2618 when the transaction was recorded.
🚨 🚨 🚨 40,000,000 $XRP (50,456,669 USD) transferred from Binance Hack 2026 to unknown wallethttps://t.co/blef9pgplA
Exactly 50 seconds later, at 03:56:21 UTC, the same sender moved another 40 million XRP to a different unidentified wallet. Whale Alert valued the second transfer at approximately $50.46 million.
🚨 🚨 🚨 40,000,000 $XRP (50,444,880 USD) transferred from Binance Hack 2026 to unknown wallethttps://t.co/82251tb0Qm
Combined, the hack-linked address therefore shifted 80 million XRP worth roughly $100.9 million in less than one minute.
The sender, rK21t6nGLy4MNDqhvy3pGwcLFy25qgfzMx, is the same address that received approximately 233.46 million XRP during Binance’s Oct. 29 security breach. Those tokens arrived through five transactions over roughly four minutes.
Before the latest transfers, blockchain monitoring showed the entire 233.46 million XRP balance sitting at that address without outbound activity. The movement of 80 million XRP therefore marks a notable change in the XRP portion of the stolen-fund trail.
The 80 million XRP represents about 34.3% of the 233.46 million XRP originally transferred to the address, based on our calculation.
Another 50M XRP Leaves Binance
A third large transaction occurred earlier, on Nov. 1 at 15:04:01 UTC.
Whale Alert recorded 50 million XRP, worth about $62.43 million, moving from a Binance-labeled wallet to another unknown address. XRP was valued at approximately $1.2486 during that transfer.
There is currently no evidence in the transaction data supplied by Whale Alert connecting this 50 million XRP movement with the attacker address.
Large exchange withdrawals can represent custody reorganizations, customer withdrawals or movements to private wallets. Without identifying the receiving wallet, the transaction alone cannot establish whether the XRP was purchased, accumulated by a whale or moved internally.
Stolen XRP Starts Moving After Binance Hack
The activity comes days after Binance disclosed that unauthorized withdrawals from compromised hot-wallet infrastructure resulted in approximately $6.3 billion in stolen crypto assets on Oct. 29. The exchange said it would absorb the losses rather than pass them to customers.
Binance subsequently said XRP and several other major assets were again 100% backed, while the exchange had recovered or covered approximately 95% of the total affected assets by Nov. 1.
XRP is currently trading around $1.25, according to CoinMarketCap.
The next on-chain development to watch is whether the two wallets that received the 40 million XRP transfers begin dispersing the tokens further, particularly toward identifiable exchanges or swapping infrastructure.
Security developments led crypto news on October 31, 2026. Binance reported further progress in replacing stolen assets, Blockaid warned about compromised DeFi websites, and DMG Blockchain disclosed its exposure to the exchange incident.
Binance Says It Has Replaced 90% of Stolen Assets
Binance announced that it had replenished approximately 90% of the cryptocurrencies taken in the recent attack, saying Bitcoin, Ether, XRP, Solana and six other major assets now had full reserve backing. The exchange said replacement purchases drew on its corporate treasury and portions of its SAFU and futures insurance funds, while acquiring the remaining, less liquid tokens would take longer. It also published an October 31 reserve snapshot, with the complete cryptographic proof for independent balance verification expected on November 3, and maintained November 1 as its target for reopening withdrawals.
Blockaid Flags Wallet-Draining Attack Across 12 DeFi Websites
Blockaid identified malicious software on at least 12 DeFi websites, including Flap, Kintsu, Pickle Finance and Origami Finance, prompting warnings against connecting wallets or approving transactions through the affected pages. The attack redirected visitors toward interfaces using the Step Drainer toolkit, while The Block reported that all 12 domains shared the registrar Name.com and that 10 had subsequently been suspended. The publication traced approximately $138,000 in stolen funds across three wallets on Ethereum-compatible networks, describing a partial tally that excluded possible losses on Solana and Aptos.
DMG Says Its Business and Client Assets Were Unaffected
DMG Blockchain Solutions said in an October 31 statement that neither the company nor its affiliates had been affected by the Binance security incident, and that client assets remained secure. The Canadian digital-asset infrastructure company described a transaction-control system combining limited access, separate staff responsibilities and several approval stages. According to DMG, those controls are designed to prevent someone who compromises a single device from gaining enough authority to initiate, approve or complete an unauthorized transfer.
Binance’s response to a roughly $6.3 billion theft led crypto developments on October 30, 2026, alongside a hardware-wallet warning, Tether’s quarterly results and a new stablecoin partnership involving Solana.
Binance Sets Aside Funds to Cover Hack Losses
Binance suffered an estimated $6.3 billion theft on October 29 and said on Friday that it had allocated more than $6.34 billion of company funds to cover the losses, including $5 billion already held in the affected cryptocurrencies. Co-CEO Richard Teng said investigators had identified additional breach points beyond the employee laptop initially suspected, with the full sequence still under investigation. Withdrawals remained suspended, and Binance was targeting Sunday, November 1, for their return while it rebuilt and tested its systems.
CoinDCX Restricts Futures Trading After Liquidity Disruption
CoinDCX announced temporary restrictions preventing traders from opening or enlarging futures positions after disruption at a liquidity provider that a company spokesperson identified as Binance. Its futures market entered “reduce-only” mode, while the exchange said customer funds, deposits and withdrawals remained unaffected. CoinDCX had not provided a timetable for restoring normal futures trading when the announcement was reported.
Tether Reports $1.5 Billion in Quarterly Operating Profit
Tether’s third-quarter update put net operating profit at $1.5 billion, bringing the nine-month total to $4.5 billion. The USDT issuer reported approximately $191.5 billion in reserve assets at September 30, with excess reserves increasing to $7.95 billion from roughly $4.1 billion three months earlier. The accompanying BDO attestation covers the quarter-end financial figures and reserve composition.
Trezor Warns Buyers About a Suspected Hardware Implant
Trezor issued a warning urging customers who bought devices supplied by CryptoBilis from March 2026 onward to transfer their holdings to a newly created wallet with a fresh recovery phrase. The precaution follows a report alleging that a Safe 5 device contained an additional circuit board capable of capturing information displayed on its screen. Trezor said it had not yet examined the device itself and had received no reports of related fund losses.
Anchorpoint Plans to Bring HKDAP to Solana
Anchorpoint, the stablecoin venture backed by Standard Chartered, HKT and Animoca Brands, announced a collaboration with the Solana Foundation to extend its Hong Kong dollar token, HKDAP, to the network. The proposed integration would support issuing and redeeming HKDAP on Solana, with payments and tokenized-asset transactions among the intended uses. The announcement outlines development plans rather than confirming that retail access is already available.
Zcash Groups Propose Changes to Grants Funding
Zooko Wilcox announced a joint proposal from Tachyon Group and Shielded Labs that would preserve Zcash Community Grants while changing how it receives funding. The draft would redirect its 8% block-subsidy allocation into a locked fund for future development and legal defense, alongside a 50,000 ZEC contribution from its treasury to the Network Sustainability Mechanism. These remain proposed changes requiring community acceptance and, for the funding-stream changes, a subsequent network upgrade.
XRP ETFs recorded their largest daily inflow of October 2026 on Oct. 29, with the Franklin XRP ETF attracting the most capital.
The products received a combined $8.43 million, ending four consecutive days of outflows and recording their first positive daily inflow since Oct. 23.
This shows that investors continued to put money into XRP ETFs despite the asset’s recent price decline. However, monthly inflows remain below the levels recorded in August and September, as demand slows considerably.
XRP ETFs Record $8M+ in Daily Inflows
On Oct. 29, XRP ETFs attracted $8.43 million in new capital, ending a four-day period of outflows. The previous positive daily inflow came on Oct. 23, as the products went several days without attracting fresh capital before the latest recovery.
The $8.43 million inflow also set a new record for October 2026. Specifically, it surpassed the previous monthly high of $8.17 million recorded on Oct. 8, making Oct. 29 the strongest day of the month for XRP ETF inflows.
The return to positive flows brings some relief after several days of withdrawals. However, a single day of inflows does not necessarily mean investor sentiment has changed. XRP continues to face price pressure, and the coming days will show whether the renewed demand for its ETFs can continue.
The Franklin XRP ETF (XRPZ) led the market on Oct. 29, attracting $5.57 million in new capital. This made it the largest contributor to the combined $8.43 million inflow recorded across XRP ETFs that day.
Franklin XRP ETF leads as XRP ETFs record highest intraday inflow for October 2026
The Bitwise XRP ETF also recorded positive flows, bringing in $2.86 million. Together, the two funds accounted for the entire daily inflow. Other products, including the Canary Capital XRP ETF (XRPC), recorded zero flows during the same period.
XRP ETFs Outperform Other Altcoin ETFs
XRP ETFs also performed better than several other altcoin investment products on Oct. 29. While XRP ETFs attracted $8.43 million, Ethereum, BNB, Solana, and Tron ETFs recorded no inflows.
Bitcoin ETFs attracted $17.07 million on the same day. Within the altcoin ETF market, only XRP and ZEC ETFs recorded positive inflows, and this set them apart from most other products.
Notably, some altcoin ETFs faced significant withdrawals. Ethereum ETFs recorded $105.48 million in outflows, while Solana ETFs lost $27.69 million. BNB and Tron ETFs recorded zero flows.
Franklin XRPZ Cumulative Inflows Reach $524 Million
Following the Oct. 29 inflow, Franklin Templeton’s XRPZ increased its cumulative net inflows since launch to $524.16 million. The milestone comes weeks after the fund became the second XRP ETF to surpass $500 million in cumulative inflows.
XRPZ maintained its position as the second-largest XRP ETF by cumulative net inflows. Bitwise remained in first place, with $682.44 million in cumulative net inflows since launch.
Meanwhile, Canary Capital’s XRPC ranked third, with $484.34 million in cumulative net inflows. This is notable because XRPC had the advantage of launching first and initially recorded higher first-day inflows than its competitors.
October Inflows Fall as XRP Price Drops 16%
Despite the latest recovery, total net inflows into XRP ETFs reached just $19.33 million in October 2026. This represents an 84% decline from the $121.4 million recorded in September and an 87% drop from the $158.18 million recorded in August.
XRP ETF inflows slow in October despite positive flows
October’s performance is still notable given XRP’s recent price decline. XRP currently trades at $1.2456, down 16.38% for October 2026. The cryptocurrency is also on track to record its first monthly loss since June 2026.
Reddit (NYSE: RDDT) shares plunged more than 23% to $100 in Friday’s premarket trading, approaching levels last seen in May 2025 after the social media company reported weaker-than-expected user growth.
Reddit also warned that total daily active users could fall by a low-double-digit percentage in the fourth quarter if search referrals continued declining at their October pace.
The selloff came despite stronger-than-expected third-quarter earnings. Reddit averaged 130.3 million daily active unique users (DAUq), up 12% year over year but below analysts’ expectations of approximately 134 million.
U.S. daily active users fell 2% to 50.7 million, their first year-over-year decline since Reddit’s 2024 initial public offering. International daily users increased 24% to 79.6 million.
CEO Steve Huffman said search referrals had been declining by more than one million per week on average during October, extending a downturn that accelerated late in the third quarter.
During Thursday’s earnings call, Huffman identified Google’s AI Overviews and AI Mode as possible major contributors to the decline. He said the features move traditional links lower in search results without generating comparable referral traffic. Reddit also believes its machine-translated content may be receiving lower search rankings, particularly outside the United States.
The company said the traffic decline primarily affected logged-out visitors and web users, although some of the weakness also reached returning app users.
Reddit plans to test a login-only experience in selected markets outside the United States during the fourth quarter. The company said it wants to assess the impact of requiring users to sign in before considering a wider rollout.
Huffman said logged-in and app users, who grew sequentially during the third quarter, account for more than 80% of Reddit’s monetization, making that audience central to the company’s efforts to reduce its dependence on search referrals.
Earnings Beat Overshadowed by Weaker Fourth-Quarter Outlook
Advertising revenue rose 54% to $847 million, while diluted earnings increased 75% to $1.40 per share, above the $1.33 analyst estimate reported by StreetInsider. Net income climbed to $283 million from $163 million a year earlier.
However, Reddit forecast fourth-quarter revenue of $1 billion to $1.03 billion, below the approximately $1.05 billion expected by analysts.
The company also projected adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $480 million to $510 million, compared with the $512.2 million consensus estimate. Even the upper end of that range fell short of expectations.
Reddit Shares Approach May 2025 Price Levels
Friday’s premarket price brought Reddit shares close to the $99.14 intraday low recorded on May 27, 2025.
The stock had already declined for seven consecutive regular trading sessions through Thursday, losing approximately 16.7% from its October 20 closing price of $155.65 to $129.60. It was down about 43.6% year to date before Friday’s premarket selloff.
In tokenized trading, Reddit Tokenized bStocks (RDDTB) was quoted at $100.61, down 24% over the previous 24 hours, according to CoinMarketCap. The tokenized instrument trades separately from Reddit’s NYSE-listed shares.
Although Cardano has suffered a 22.2% decline in October 2026, historical data and renewed optimism around “Moonvember” have raised hopes for a potential recovery next month.
October 2026 has been a difficult month for Cardano investors, as persistent selling pressure pushed ADA below the $0.20 level. As of October 30, the token trades at $0.1915, down 22.2% over the past month.
Several factors have contributed to the downturn, including broader market weakness and selling pressure associated with the ongoing fallout from the Binance hack.
WingRiders Fuels Hopes for a Moonvember Rally
Despite ADA’s bearish performance in October, some Cardano proponents remain optimistic about November. WingRiders, a leading Cardano-based DEX, recently fueled this optimism by building hype around “Moonvember.”
The term is a recurring crypto meme that reflects expectations of bullish price action during November. By highlighting ADA in its post, WingRiders added to speculation that the token could stage a significant recovery next month.
However, the post does not guarantee a rally, leaving investors to assess whether historical trends support these expectations.
Cardano’s November Performance
Historical data shows that November has delivered mixed results for Cardano since its launch in 2017. Of the nine Novembers ADA has experienced, five ended with losses, while four recorded gains.
However, the token’s strongest November rallies have substantially outweighed its losses. Cardano recorded gains of 311.6% in November 2017, 84% in November 2020, 28.4% in November 2023, and 216% in November 2024.
Conversely, ADA ended November in negative territory in 2018, 2019, 2021, 2022, and 2025, posting losses of 44.1%, 2.39%, 20.7%, 21%, and 31.7%, respectively.
These figures show that although Cardano has recorded more negative than positive Novembers, its strongest rallies have significantly boosted its historical average returns.
Cardano Monthly Returns
ADA’s Average November Return Stands at 57.8%
Based on these historical figures, Cardano’s average November return stands at 57.8%. However, its median return is -2.39%, highlighting the difference between its average performance and the more typical outcome.
The disparity reflects the impact of ADA’s exceptional rallies in 2017 and 2024, which lifted its average despite five losing Novembers. Consequently, the historical average alone does not establish that ADA will rally in November 2026.
Changelly November 2026 Prediction For Cardano
Meanwhile, analysts at crypto trading platform Changelly project that ADA could trade between $0.174 and $0.198 in November.
This forecast suggests limited upside from ADA’s current price of $0.1915, alongside the possibility of further downside. A decline to $0.174 would represent a drop of 9.1%, while a rise to $0.198 would deliver a gain of about 3.4%.
Changelly November 2026 Price Prediction for Cardano
