Major Exchange Warns Traders XRP Drop Will Precede Recovery

As the cryptocurrency market faced mounting stress, the exchange Bitrue shared a notable advisory with its followers this week.

The post stated, “Before every rebound comes a dump.” It specifically highlighted XRP and urged the community to stay vigilant.

Bitrue’s warning gained widespread attention following a steep market decline that drove the token down past the $1.25 mark.

Before every rebound comes a dump

Keep your eyes open for $XRP https://t.co/FDsbivmNez

— Bitrue (@BitrueOfficial) November 3, 2026

A Market Already on Edge

The widespread sell-off began outside of XRP. On October 29, hackers allegedly tied to North Korea stole more than $6 billion from Binance, marking what analysts have described as the largest crypto hack in history. In response to the breach, Binance temporarily halted trading.

Fredrick Collins, the CEO and co-founder of crypto data platform Velo Data, pointed out that rumors surrounding the hack directly dragged down token prices. He explained that due to Binance’s dominant market position, any loss of confidence in the platform creates ripples across the entire sector.

During the downturn, Bitcoin fell beneath $76,500, while the broader crypto market contracted by 2.2% to hit a low of $2.61 trillion.

XRP Takes the Hit

XRP suffered a 17% plunge—its most severe single-day drop since 2025—which dragged it below $1.25 and extended its weekly losses to nearly 30%. This decline reduced its market capitalization significantly to $75 billion. Highlighting the extent of the crash, the account Watcher.Guru reported on X that Bitcoin fell below $66k, Ethereum dropped under $2,250, XRP dipped beneath $1.25, and Solana slid under $95.

Prior to this drop, XRP had entered a consolidation phase following a strong rally at the end of September. Observers noted that the recent decline appeared driven by broader market sentiment rather than any issues internal to XRP.

XRP Army Responds

Reactions within the XRP community were decidedly mixed. Some users sharply criticized Bitrue, with one calling the exchange’s team pathetic, while another dismissed the message entirely by saying that nobody took Bitrue’s post seriously.

Conversely, others maintained an optimistic outlook on XRP. One user argued that the token had weathered the storm better than most alternative coins compared to the rest of the market. They suggested that XRP was beginning to break out of its downtrend, targeting future resistance levels at $1.50, $2.10, and $2.40.

Another community member shared that patience remains a vital virtue in such volatile markets, pointing out that premier opportunities frequently arise when difficult conditions test the conviction of investors.

What Comes Next?

Market analysts noted that even the 2022 collapse of FTX—an event of greater magnitude than the Binance breach—only caused a temporary shock. The market stabilized within days, and signs of recovery are already emerging, with observers continuing to make bullish predictions for the end of the year.

Frequently Asked Questions

Why did Bitrue issue a warning about XRP?

Bitrue posted that “Before every rebound comes a dump” and asked the community to keep an eye on XRP following a sharp market decline that pushed the token below $1.25.

What triggered the broader crypto market sell-off?

The market downturn was largely driven by an alleged North Korean hack on October 29 that stole over $6 billion from Binance, which forced the exchange to halt trading and triggered widespread panic.

How severely was XRP affected by the downturn?

XRP experienced a 17% one-day drop—its worst single-day decline since 2025—sending it below $1.25 and pushing its weekly losses to nearly 30%, with its market cap falling to $75 billion.

How did the XRP community react to Bitrue’s post?

Reactions were divided. Some users criticized the exchange and dismissed the warning, while others remained optimistic, arguing that XRP was holding up better than other tokens and showing early signs of breaking its downtrend.