XRP holds $1.39 as Bitcoin hits October low after $1.48B US transfer

By Khal · · 2 min read

Editorial illustration: A copper Bitcoin coin rests on the upward curve of a dark blue track beside a silver XRP coin standing on a flat platform, against a blue architectural backdrop.
AI-generated editorial illustration · AI-generated editorial illustration · Published Oct 9, 2026, 2:28 p.m. (1 hour ago)

In brief

  • U.S. authorities moved 17,733 BTC ($1.484 billion) to Coinbase Prime over three days, U.Today reported.
  • Bitcoin hit an October low of $80,420 before recovering to trade near $83,000.
  • Spot Bitcoin ETFs posted $244.13 million in net outflows Thursday, a second straight outflow day.
  • XRP held around $1.3947, down 1–2%, while the broader altcoin market lost 5–12%.
  • Franklin Templeton's XRPZ took in $8.17 million, the only positive spot ETF flow on October 8.

A $1.48 billion transfer, then a flush

U.Today reported that the government's transfers took place over three days and pushed Bitcoin's price down by 7% (that's the outlet's read on cause and effect, not an established fact). It said the move was followed by $859.17 million in forced long-position liquidations across the derivatives market.

Bitcoin fell below $81,000 overnight. Lows landed in the $80,300–$80,600 range, per U.Today, before Friday trading opened at $81,690 and a V-shaped intraday recovery took BTC to $83,068.8.

Fund flows didn't help. U.S. spot Bitcoin ETFs posted net outflows for a second straight day, losing $244.13 million in Thursday's session, according to SoSoValue data cited by U.Today. U.Today also put Ethereum ETF outflows at $72.54 million, without clearly specifying the period. The outlet cited JPMorgan estimates that annual ETF inflows remain at the $50 billion level.

XRP's quiet session

XRP wasn't immune, but it barely moved.

The token traded in a tight range around $1.3947 and fell 1–2%, while the broader altcoin market lost 5–12%, U.Today said. Its share of total crypto market capitalization stood at 3.14%.

Spot XRP ETFs were the only funds to finish positive in the October 8 session, with net inflows of $8.17 million into Franklin Templeton's XRPZ fund (SoSoValue data, via U.Today). Per the same data, institutional inflows into XRP have continued for 12 consecutive weeks, bringing cumulative fund inflows to $1.81 billion. That's above the $1.59 billion attracted by Solana ETFs.

What U.Today's charts show

In its technical read, U.Today said XRP is consolidating above its moving average, with the MA at $1.2796 acting as support, and that the daily RSI has returned to neutral territory. For Bitcoin, the outlet identified the short-liquidity pool above $87,000 as the nearest upside target, ahead of a "Short Max Pain" zone at $87,527.66.

Those are U.Today's levels, not LeoDex's. The outlet described seized-coin transfers by U.S. authorities as the main trigger for panic in this market.

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