XRP's market capitalization declined $13 billion in 24 hours, dropping from $150.38 billion to $137.39 billion. The token fell 9% to $2.27 following the debut of the first U.S. spot XRP ETF on Nasdaq. Major holders sold 1.4 billion XRP tokens over the past month, intensifying downward pressure.

XRP rose 12% over 24 hours to $2.53, lifting market capitalization from $135.83 billion to $152.41 billion. Trading volume surged 91% to $4.98 billion. The token outperformed the broader crypto market, which gained 4.94% during the same period.

Large Dogecoin holders sold approximately 1 billion DOGE tokens over seven days, blockchain data show. The sell-off from wallets holding 10 million to 100 million coins contributed to a market capitalization decline of roughly $5 billion. DOGE fell below the $0.18 support level during the period.

XRP derivative open interest dropped from nearly $3 billion on October 6 to approximately $1.08 billion by October 17, data show. The metric recovered partially to around $1.39 billion by October 26, while XRP traded near $2.63 with market capitalization gaining over $10 billion during the week.

Ripple will release 1 billion XRP from escrow on November 1, 2025, as part of its monthly unlock schedule. The release is valued at $2.48 billion at the current price of $2.48 per token. The timing coincides with pending SEC decisions on XRP ETF applications, with Grayscale's filing deadline set for October 29.