NewsSignals AI analysis·99Bitcoins·Nov 2, 2026

The Binance Hacker Splits Its 233M Stolen XRP Across Six New Wallets: Can XRP Price Hold $1.24?

Grade Sbearish AI signal$XRP

The Binance hacker has redistributed 233.46 million stolen XRP, worth approximately $291 million, across six newly created wallets, raising the risk of potential selling pressure. None of the six wallets has sent the funds to an exchange, while US spot XRP ETFs recorded $4.33 million in weekly net inflows despite broader crypto ETF outflows. A transfer of the stolen XRP to exchanges could intensify selling pressure and put XRP's $1.20 support level at risk.

Bullish strength: 25/100

US spot XRP ETFs recorded $4.33 million in weekly net inflows.
XRP has held the $1.2423–$1.2429 support area for three consecutive days.

Bearish strength: 75/100

233.46 million stolen XRP worth approximately $291 million was redistributed across six wallets.
The stolen stash represents approximately 28% of XRP's 24-hour trading volume.
Potential transfers to exchanges could create significant selling pressure.
XRP remains below its 50-day and 200-day EMAs.
The 50-day EMA crossed below the 200-day EMA on October 22.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in crypto.

Crypto ally French Hill wins reelection but set to lose House chair

Crypto-friendly Republican French Hill won reelection in Arkansas but is expected to lose his House Financial Services Committee chairmanship after Democrats gained control of the House. Hill sponsored the CLARITY Act and supported the GENIUS Act, while Democrat Maxine Waters is the leading contender to replace him as chair; crypto-backed PACs spent more than $176 million during the election cycle. The leadership change could increase regulatory scrutiny and create uncertainty around the future of US crypto legislation.

Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees 'glass half full'

Bitcoin fell below $76,000 as a broad AI-stock selloff spread across financial markets, dragging cryptocurrencies and crypto-related stocks lower. The Nasdaq dropped nearly 6%, crypto miners plunged 15%-20%, and more than $1 billion in crypto derivatives positions were liquidated, mostly bullish bets. Despite the sharp selloff, crypto's relative resilience compared with AI-linked stocks could support longer-term optimism, although continued weakness in AI sentiment may pressure digital assets.

Cryptos Extend Gains Amidst Short Squeeze

Bitcoin and major cryptocurrencies extended their gains as a broad risk-asset rally and a $730 million crypto liquidation wave fueled a short squeeze, pushing total crypto market capitalization to $2.66 trillion. Short liquidations surged to $448 million from $179 million a day earlier, while U.S. spot Bitcoin and Ethereum ETFs recorded $75 million and $53 million in net inflows, respectively. Continued short covering and renewed ETF demand could support further crypto gains, although mixed performance across major altcoins may limit the breadth of the rally.

Key facts: ETF inflows hit Jan. low; $1.265 support; vault votes short

XRP spot ETF inflows plunged to $18.83 million in October, their lowest monthly total since January, signaling a sharp slowdown in institutional investment demand. ETFs recorded a $529,510 outflow on November 2, while XRP faces critical support near $1.265; meanwhile, XRP Ledger vault activation votes remain below the required 28-vote threshold. A break below $1.265 could expose XRP to $1.160 and $1.000, while successful vault activation could introduce new RLUSD lending opportunities.