XRP’s recent trading sessions delivered a level of volatility not seen in years. The digital asset experienced a notable dip, briefly falling below $2 before mounting a strong recovery. The sharp fall, followed by a swift rebound, marked a striking shift in market sentiment within a single day.
The event gained added visibility after a post from XRP Update (@XrpUdate), a well-known crypto influencer on X, who shared a video capturing the movement.
In the post, the influencer described it as the comeback of the year, following what he called the biggest crash in years, emphasizing that committed holders of the asset had remained steadfast through the turbulence.
THE $XRP COMEBACK OF THE YEAR
AFTER THE BIGGEST CRASH IN YEARS… WE JUST WITNESSED THE MOST EPIC COMEBACK IN HISTORY
DIAMOND HANDS PREVAILED AGAIN
pic.twitter.com/lZkkGTF0RG
— XRP Update (@XrpUdate) October 11, 2025
The data showed XRP initially trading above $2.8 before the massive crash. The asset dropped below $2 for the first time since June, marking a sudden and steep fall that rattled parts of the market. Yet, the decline proved temporary. Within hours, XRP recovered to above $2.4 and is currently trading at $2.37, with a 24-hour high of $2.50.
The last comparable drop occurred in 2018, when XRP’s price fell from its previous peak above $3 to below $1. The recovery from this downturn took years, as XRP did not reach $1 until 2021, and traded below $3 until early 2025.
In contrast, this week’s rebound occurred within a single session. The pace of the recovery has drawn renewed attention to the XRP’s strength and the persistence of “diamond hand” investors during extreme volatility.
XRP Update’s post quickly became a central point of conversation among traders following the market event. He characterized the movement as an extraordinary comeback and praised the persistence of the diamond hand investors who continued holding through the drop.
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The message resonated with the community’s long-term holders, who are often proud of maintaining positions during significant market drops. Many interpreted the rebound as a show of resilience for an asset with the potential to dominate the crypto space.
Over its trading history, XRP has been characterized by large price swings tied to both market cycles and regulatory developments. The most recent fluctuation, though short-lived, was a response to a broader market correction. Investors expect a major change soon.
One of the biggest reasons is the potential SEC approval of multiple spot XRP ETFs over the next 2 weeks. With the asset now trading just below $2.4, the market is excited for an explosive rally once these products enter the market.
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