NYSE:WETF 1 October 2025 - 31 October 2025

October has been a wild ride for XRP, defined by extreme volatility. The turbulence peaked on October 10 when Ripple’s token suddenly cratered by nearly 40% intraday – falling from the mid-$2.80s to roughly $1.6 at the lowsts2.tech. This flash crash was triggered by a bolt of bad news from traditional markets: U.S. President Trump abruptly announced 100% tariffs on Chinese goods, a shock that sent investors fleeing risk assets across the boardts2.tech. As panic rippled through equities and crypto alike, heavily leveraged positions in XRP were liquidated en masse, exacerbating the freefall. In total, roughly $19 billion in crypto futures positions were wiped out market-wide during the sell-offts2.tech – a dramatic example of how a macro surprise can ricochet through the highly-leveraged crypto markets.