XRP, the native cryptocurrency of the XRP Ledger, is trading around $1.34 as of October 20, 2026. Also commonly referred to as Ripple coin, XRP is approximately 64% below its all-time high of $3.65 and 22% below its late-September weekly peak of $1.66.
Three developments are driving much of the decline: US spot XRP ETFs recorded their first weekly outflow in 14 weeks, up to 1 billion XRP held in Ripple’s escrow accounts will become eligible for release on November 1, and Bitcoin has fallen toward $83,000. Declines in Bitcoin often lead to even sharper losses across the altcoin market.
This article examines why XRP is falling, the price levels analysts are monitoring, and the developments that could change its outlook. It also looks at the MemeToro $MT presale for readers interested in exploring early-stage cryptocurrency projects during periods of weakness in established digital assets.
MemeToro is an open-source, AI-powered meme coin launchpad being developed on BNB Chain. Stage 9 of its presale is priced at $0.00649 per token. The project’s token contract has undergone three security audits, purchased tokens are delivered directly to buyers’ wallets, and a public testnet is already available.
This article contains sponsored content about MemeToro. Nothing presented here constitutes financial advice.
Key takeaways
- XRP price today: According to FinanceFeeds, XRP is trading around $1.34 on October 20, 2026. KuCoin News reports that its market capitalization declined by approximately $5.83 billion over seven days from $88.22 billion on October 12.
- ETF flows reverse: US spot XRP ETFs recorded approximately $1.84 million in net outflows last week, ending 13 consecutive weeks of inflows, according to SoSoValue data reported by Coin-Turk and FXStreet.
- MemeToro presale: Stage 9 of the $MT presale is underway at $0.00649 on BNB Chain. Tokens are delivered directly to buyers’ wallets, and the token contract has been audited by Coinsult, SolidProof, and BlockSAFU.
- Upcoming supply event: Up to 1 billion XRP will become eligible for release from Ripple’s escrow accounts on November 1 at 00:00 UTC. Historically, Ripple has re-locked approximately 70% of released tokens.
- Bitcoin’s influence: According to 24/7 Wall St., Bitcoin is trading near $81,000 with a market dominance of 59.5%. Altcoins typically face greater pressure when Bitcoin declines.
- Key XRP price levels: FXStreet and FinanceFeeds identify $1.28 and $1.24 as important downside levels, while $1.34–$1.38 is the immediate resistance area.
- Next major event: The Federal Reserve is scheduled to meet on October 27–28.
MemeToro ($MT) in 60 seconds
MemeToro is an open-source, AI-powered meme coin launchpad under development on BNB Chain. Its native $MT token is currently available in Stage 9 of the presale.
Price: 1 $MT = $0.00649. Once the Stage 9 fundraising target is reached, the next stage will begin at a higher token price.
What supporters highlight: Three token security audits completed by Coinsult, SolidProof, and BlockSAFU; publicly available code under an MIT license; just 2% of the total token supply allocated to the team; and 71% reserved for the public sale. Purchased tokens are also delivered directly to buyers’ wallets.
What to consider: Interested readers can visit MemeToro’s official website to review its tokenomics and open-source code. The project’s risks should also be carefully considered before making any investment decision.
Why consider MemeToro ($MT) while XRP is falling?
When major cryptocurrencies experience sharp declines, some investors consider allocating a small portion of their portfolios to higher-risk, early-stage projects. MemeToro falls into this category, although it differs substantially from XRP.
According to CoinGecko, XRP has a market capitalization of approximately $83 billion and is supported by spot ETFs trading in the United States. MemeToro, by contrast, is an early-stage project developing an open-source, AI-powered meme coin launchpad on BNB Chain. Its $MT token remains in a staged presale.
MemeToro’s operating model follows a straightforward principle: AI generates proposals, while smart contracts execute transactions according to predefined, transparent rules.
The platform’s AI agent analyzes news and trends on X to develop meme coin concepts. It explains the reasoning behind each proposal and records the results in a machine-readable file called a launch manifest, which contains the terms governing a token launch.
A smart contract called FairLaunchEscrow then applies those published conditions. The AI is responsible for generating and explaining ideas, but it does not control users’ funds.
The project’s code is publicly available on GitHub under an MIT license. The MemeToro team describes its current repository as an early-stage minimum viable product (MVP), with development of the launchpad still underway.
Supporters of the MemeToro ($MT) presale highlight several features:
- Transparent operations: Token launch conditions are published before fundraising begins. Smart contracts are designed to enforce those rules, reducing reliance on promises made by the development team.
- Open-source code: The AI agent, launch manifest format, escrow contract, and testing framework are publicly available under an MIT license.
- Independent audits: Three separate security firms have audited the $MT token contract.
- Public-focused token allocation: Of the total supply, 71% is allocated to the public sale and 2% to the team. Marketing tokens follow a 24-month vesting schedule.
- Accessible purchasing options: Buyers can pay with cryptocurrency or a credit card. Tokens are sent directly to their wallets, and the website supports more than 16 languages.
- A working testnet: Users can explore the platform’s functionality without committing real funds.
- Staged pricing: Each new presale stage begins at a higher price. The $0.00649 price is therefore available only while Stage 9 remains open.
How to buy $MT in Stage 9: Visit the presale section of the official MemeToro website and carefully verify the website address. You can connect a wallet on BNB Smart Chain or select the credit card payment option.
Before completing a purchase, verify the contract address and review the Stage 9 price and sale conditions. Purchased $MT tokens are transferred directly to your wallet. You should also check the regulations applicable in your jurisdiction before participating.
Why is XRP falling? Five reasons behind the decline
1. Demand for XRP ETFs has weakened
US spot XRP ETFs have attracted approximately $1.8 billion since launching nearly a year ago. However, the funds recorded around $1.84 million in net outflows last week.
According to SoSoValue data reported by Coin-Turk on October 17, this ended a streak of 13 consecutive weeks of inflows.
Although the outflow was relatively small, the reversal is significant because ETF purchases had been one of the more consistent sources of demand for XRP.
According to 24/7 Wall St., total assets held by dedicated XRP investment funds declined from $1.77 billion to approximately $1.47 billion.
Bitcoin ETFs, meanwhile, showed a different trend. FinanceFeeds, citing Farside Investors data, reported that US-listed Bitcoin funds attracted $526.7 million on Monday.
2. More XRP could enter circulation
Ripple’s next escrow release is scheduled for Sunday, November 1, at 00:00 UTC. Two escrow accounts containing a combined 1 billion XRP will become eligible for release.
As of October 18, Ripple held 31.40 billion XRP in escrow.
Over the previous 12 release cycles, the company unlocked a total of 12 billion XRP but subsequently re-locked 8.4 billion tokens, equivalent to approximately 70%.
According to FinanceFeeds, Ripple followed a similar pattern in October. After releasing 1 billion XRP, it re-locked 700 million, leaving a net 300 million XRP outside escrow.
This means the entire 1 billion XRP scheduled for potential release on November 1 will not necessarily enter circulation. Nevertheless, the upcoming event remains an important consideration for traders.
3. XRP supply has grown faster than its market value
According to an October 16 CoinDesk report citing Nansen data, XRP’s circulating supply has increased by 63% since 2017.
During that period, the number of XRP tokens in circulation rose from 38.7 billion to 63.1 billion, while the cryptocurrency’s total market capitalization declined by approximately 3%.
Nansen analyst Nicolai Sondergaard explained that an increase in circulating supply means each token represents a smaller share of roughly the same total market value.
XRP’s weaker performance compared with other major cryptocurrencies has also attracted attention.
According to Tesseract Group’s Oliver Carding, quoted by CoinDesk, XRP has lost approximately 59% of its value since August 2025. Bitcoin declined 32% over the same period, while Ether fell 44%.
4. Bitcoin weakness and macroeconomic conditions are adding pressure
Bitcoin is trading near $83,000 after briefly falling below $80,000 earlier this week.
US inflation rising to 3.7% in September has also weighed on market sentiment. Investors are now looking ahead to the Federal Reserve’s October 27–28 meeting.
According to 24/7 Wall St., Bitcoin accounts for 59.5% of the total cryptocurrency market, while XRP represents approximately 3%. Altcoins generally face greater pressure during periods of Bitcoin weakness.
The same publication reported that the overall cryptocurrency market declined by 3.5% in 24 hours on October 17.
5. XRP demand indicators have deteriorated
According to CoinGlass data cited by FXStreet, open interest in XRP perpetual futures declined from 2.34 billion XRP on October 1 to an average of 2.17 billion XRP on Monday.
FXStreet also highlighted weakening interest from both retail and institutional investors.
Technical indicators reflect a similar trend. The Relative Strength Index (RSI) is hovering around 37, while the Moving Average Convergence Divergence (MACD) indicator remains in negative territory.
Developments involving Ripple have also failed to provide meaningful support for XRP’s price.
On October 15, Ripple Prime introduced perpetual swap trading for more than 100 underlying assets using RLUSD as collateral. However, CryptoTicker noted that XRP is neither accepted as collateral nor used as a settlement asset within the system.
According to XRP Insights, RLUSD’s circulating supply has reached approximately $2.43 billion. Nevertheless, RLUSD’s growth does not directly require users to purchase XRP.
Why is XRP down today? Developments that moved the price this week
According to CryptoTicker, XRP started the week around $1.33. It fell to $1.2827 on October 15 before staging a recovery.
XRP Insights data shows that the cryptocurrency ended the October 9–16 reporting period at $1.30, representing a decline of 6.5%.
Compared with its late-September weekly peak of approximately $1.66, XRP has now surrendered roughly one-fifth of its previous rally.
Meanwhile, shares of Evernorth, trading under the ticker XRPN, fell approximately 9.6% to $15.45 during the week ending October 16.
FinanceFeeds emphasized that the decline in the company’s share price does not, by itself, indicate that Evernorth sold any XRP.
XRP price today: Key support and resistance levels to watch
Downside levels: According to 24/7 Wall St., XRP fell as low as $1.28 on October 15. A closing price below this level could open the door to a return toward the trading range seen in August.
XRP ended the week of August 16 at $0.99. FinanceFeeds identifies $1.24, near the lower Bollinger Band, as an additional reference level in a bearish scenario.
Upside levels: FXStreet places XRP’s 100-day moving average at $1.34, while its 50-day and 200-day moving averages are near $1.38. A significant technical resistance area lies around $1.40.
FinanceFeeds identifies $1.38, corresponding to the 200-period moving average on the weekly chart, as an important reference level for a bullish scenario.
Higher resistance levels: 24/7 Wall St. highlights previous closing levels at $1.42 and $1.49. According to FXStreet, the SuperTrend indicator currently stands near $1.47.
These levels are technical reference points, not guaranteed price targets or forecasts. XRP can move beyond them in either direction.
XRP price prediction: Can XRP return to $1.50 before the end of 2026?
In its October 18 analysis, 24/7 Wall St. outlined two potential scenarios rather than providing a definitive price target.
Under the first scenario, if XRP closes above $1.42 and spot ETFs record another week of net inflows, the $1.50 level could come within reach.
In the second scenario, a close below $1.28 could lead to another decline toward the August trading range near $0.99.
The publication concluded that XRP appears increasingly unlikely to close above $1.50 before December 31.
However, all XRP price predictions for the end of 2026 depend on specific market conditions. Ripple’s upcoming escrow releases, ETF fund flows, and Bitcoin’s price movements remain among the most important variables determining which scenario may unfold.
XRP vs. Bitcoin: Which has performed better?
Bitcoin has demonstrated greater resilience than XRP in recent months.
Since August 2025, Bitcoin has declined approximately 32%, compared with a 59% drop in XRP.
ETF data also highlights this divergence. Bitcoin ETFs attracted $526.7 million on Monday, while XRP ETFs recorded their first weekly outflow in 14 weeks.
Bitcoin is trading approximately 35% below its all-time high. XRP, meanwhile, remains around 64% below its own record.
Although XRP declined alongside Bitcoin, it has not recovered to the same extent during Bitcoin’s rebounds. This divergence is consistent with Bitcoin’s elevated market dominance.
Nevertheless, the performance gap between the two cryptocurrencies could change over time. XRP has also experienced periods when it outperformed Bitcoin.
Is XRP a good investment right now?
The answer depends on your investment objectives and how much risk you are prepared to accept.
XRP supporters point to approximately $1.8 billion in cumulative ETF inflows, the growth of RLUSD on the XRP Ledger, and Ripple’s institutional partnerships as positive developments.
Critics, including analysts quoted by CoinDesk, focus on different concerns. These include XRP’s growing circulating supply, relatively limited ETF demand compared with Bitcoin and Ether, and the lack of sustained buying interest despite positive developments involving Ripple.
According to 24/7 Wall St., XRP has declined approximately 29% since the beginning of the year.
Neither side can predict the market’s next move with certainty. Any XRP position should therefore be treated as a high-risk investment.
Frequently asked questions
Why is XRP going down?
The main factors reported this week include the first weekly outflow from spot XRP ETFs in 14 weeks, the upcoming release of up to 1 billion XRP from Ripple’s escrow accounts on November 1, circulating supply growth that has outpaced market value, and weakness in Bitcoin and the broader macroeconomic environment.
Why is XRP down today?
XRP is trading near $1.30, with losses ranging from 6.5% to 8.7% over the past week, depending on the data provider. Slowing ETF purchases and Bitcoin’s decline toward $81,000 have contributed to the downward pressure.
What will happen to XRP on November 1?
Up to 1 billion XRP will become eligible for release from Ripple’s escrow accounts at 00:00 UTC. Historically, Ripple has re-locked approximately 70% of released tokens, meaning the net amount added to circulation has been considerably smaller.
Is XRP a good investment right now?
XRP remains a high-risk investment. Supporters highlight ETF inflows over the past year and the expansion of RLUSD, while critics point to growing supply and subdued demand. Investors should only commit amounts they can afford to lose entirely.
What is MemeToro ($MT)?
MemeToro is an early-stage, open-source, AI-powered meme coin launchpad being developed on BNB Chain. $MT is the platform’s utility token.
Stage 9 of the presale is priced at $0.00649, and purchased tokens are delivered directly to buyers’ wallets.
The project remains at an early MVP stage, and the smart contracts responsible for launching tokens have not yet undergone an independent security audit.
What is the MemeToro Stage 9 presale price?
The current Stage 9 price is $0.00649 per $MT token.
Each presale stage has a specific target. Once that target is reached, the next stage begins at a higher price. Buyers should verify the current price on the official website before making a purchase.
Is the MemeToro presale legitimate?
Several aspects of the project can be independently reviewed, including its publicly available source code, published token contract address, tokenomics, and three completed token audits conducted by Coinsult, SolidProof, and BlockSAFU.
However, there are also risks to consider. The development team operates under pseudonyms, and the smart contracts governing token launches have not yet undergone independent security audits.
Prospective participants should review the published audit reports before making any investment decision.
How can I participate in the MemeToro presale?
Visit the official MemeToro website. You can connect a wallet on BNB Smart Chain or choose to pay by credit card.
Before confirming a purchase, verify the contract address and Stage 9 price. Purchased $MT tokens are delivered directly to your wallet.
Never purchase tokens through links sent in unsolicited messages.
Are XRP and Ripple the same thing?
No. Ripple is a company, while XRP is the digital asset used on the XRP Ledger.
Although people frequently search for XRP using terms such as “Ripple coin” or “Ripple price,” the quoted market price refers to XRP, not the company.
Where to learn more about MemeToro ($MT)
- Official website: https://memetoro.com/
- GitHub: https://github.com/MemeToro/memetoro
- Tokenomics: https://memetoro.com/tokenomics
- X: https://x.com/memetoro_mt
- Telegram: https://t.me/memetoro_mt
