Betting platform Kalshi at the moment predicts the US authorities shutdown will final 31.9 days, hovering from 21.2 days on October 10. Moreover, the possibilities of the shutdown extending past October 31 sit at 53%. A November reopening would imply that six out of the seven XRP-spot ETF launch dates could be affected by the federal government shutdown. The delays would possible expose XRP to heightened volatility within the absence of sticky institutional cash.
US-China Commerce Tensions Add to Market Uncertainty
Whereas the potential delay to XRP-spot ETF launches is critical, the concern of a full-blown US-China commerce struggle has added to the investor unease. XRP plunged to a Friday, October 10, low of $0.7773—its lowest degree since November 15—earlier than rebounding above the $2.3 degree.
President Trump introduced a further 100% tariff on Chinese language items on Friday, elevating fears of a full-blown US-China commerce struggle. The escalation may have an effect on the worldwide economic system, triggering a flight-to-safety.
The tariffs will take impact on Saturday, November 1, aligning with the conclusion of the APEC Summit. The APEC Summit and developments on Capitol Hill might be essential for near-term worth tendencies, given XRP’s sharp pullback since October 2.
Value Motion & Technical Evaluation: Will XRP Break $2.4 Resistance?
XRP rose 0.45% on Saturday, October 11, partially reversing the day before today’s 15.3% loss to shut at $2.3861. The token outperformed the broader market, which dropped 1.39%. Regardless of steadying, XRP continued to commerce beneath the 50-day and 200-day Exponential Shifting Averages (EMAs), affirming a bearish bias.
Key technical ranges to observe embrace:
