XRP Today News: Trump's 100% tariffs on China trigger a flash crash, ETF becomes a lifeline.

XRP today's news shocked the market, Trump announced a 100% tariff on Chinese goods triggering a lightning crash, XRP once fell to a mid-day low of $0.7745, on October 10 it experienced a big dump of 15.3% closing at $2.3753, multiple institutions submitted revised S-1 filings for the XRP Spot ETF as the only support.

Trump 100% tariffs trigger XRP lightning crash

US President Trump announced a 100% tariff on Chinese goods, triggering a big dump of XRP. XRP once fell to an intraday low of $0.7745, then rebounded to the $2.3 level. This is the most shocking event in today's news regarding XRP, highlighting the extreme sensitivity of the crypto market to geopolitical risks.

· The US-China trade war has fully erupted

President Trump reacted to China's plan to implement export controls on rare earth minerals starting November 1, stating: "In light of China's unprecedented stance, and representing only the United States, not other countries facing similar threats, the U.S. will impose a 100% tariff on China starting November 1, 2025 (or sooner, depending on any further actions or changes taken by China), and the rate will be higher than any tariffs currently paid. Furthermore, starting November 1, we will implement export controls on all critical software."

Key Data of the Flash Crash Incident:

Lowest point during the session: 0.7745 USD (extreme panic)

Closing on October 10: $2.3753 (big dump 15.3%)

Retracement from the high point: fell from $3.1027 (October 2) to $2.3628 (October 11), a fall of 24%.

Market reaction: The Nasdaq index fell by 3.56%, and gold rose by 1%.

Given that President Trump and Chinese President Xi Jinping will meet at the APEC summit from October 31 to November 1, the effective date of the agreement is crucial. This summit could determine whether the trade war will fully erupt or see a turning point.

It is worth noting that XRP and the broader market rebounded from intraday lows, indicating that the market holds an optimistic view on the avoidance of a full-blown trade war between China and the U.S. However, traders may feel nervous in the coming days. Further measures taken by China and the corresponding tariff increases may weaken optimism regarding an agreement between Trump and Xi Jinping.

Aside from the cryptocurrency market, risk assets are under pressure across the board, while safe-haven asset gold is rising, indicating that funds are seeking a safe harbor. XRP, being a high-volatility asset, is suffering a heavy blow in this environment, which is a normal reaction.

XRP Spot ETF becomes the only lifeline

Despite the impact of the all-out trade war between China and the US on risk assets, the anticipated launch of the XRP Spot ETF provides much-needed support. This is one of the few positive factors in today's news about XRP.

· Multiple institutions submitted S-1 amendment documents

XRP Spot ETF issuers submitted S-1 amendment documents successively on Friday, October 10, indicating an upcoming launch. Bitwise Asset Management has submitted S-1 amendment documents for Bitwise XRP ETF.

Key Milestones in the ETF Approval Process:

October 10: Multiple issuers submitted S-1 amendment documents

Current status: Awaiting SEC approval

Approval conditions: Since the SEC approved the General Listing Standards (GLS) for commodity trust shares, issuers must approve the S-1 document in order to issue a Spot ETF.

Timeline Barrier: U.S. Government Shutdown Extended to Tuesday, October 14

Previously, the ETF issuer has withdrawn its 19b-4 filing at the request of the SEC, canceling the review process and final decision deadline. This means that the SEC is no longer bound by a strict timetable, and the approval progress depends on the government's operational status.

· Government shutdown delays ETF launch schedule

The U.S. government shutdown will be extended until Tuesday, October 14, and may last even longer. The Senate will reconvene on October 14, at which time 60 votes will be needed to pass a temporary funding bill. The reopening of the government may raise expectations for the imminent approval of the ETF, potentially triggering a wave of institutional demand.

ETF Launch Time Prediction:

Fastest scenario: The government reopens on October 15, and the SEC may approve the S-1 filing within 10 days (around October 25).

Delay scenario: If the government is shut down beyond October 20, issuers may face a delay until November.

Key variable: Senate vote results on the temporary funding bill on October 14

The U.S. government shutdown and the latest tariff announcement caused the price of XRP to fall from $3.1027 (October 2) to $2.3628 (October 11), a drop of 24%. Analysts predict that XRP Spot ETF will reach new highs after its launch.

Given the market's attention on Spot ETF, the issuance in October is crucial. If the government reopens on October 15 (Wednesday), the SEC may approve the S-1 filing within 10 days. However, if the government shutdown extends beyond October 20, the issuers may face a delay until November.

Institutional entry boosts long-term confidence

In light of Trump's recent executive order allowing 401(k) investors to access cryptocurrencies and other alternative assets, the launch of the XRP Spot ETF may come at a critical moment. This opens up a multi-trillion dollar pool of retirement savings for XRP.

· Morgan Stanley and Vanguard Group Policy Shift

Financial advisors are also beginning to open the door to cryptocurrencies. Vanguard recently changed its stance and plans to offer cryptocurrency services through its brokerage platform. On Friday, October 10, Morgan Stanley expanded its range of investment products to include a BTC Spot ETF, highlighting the growing demand for cryptocurrencies.

Morgan Stanley Policy Major Shift:

Old policy: Only investors with an asset size of at least 1.5 million USD and a high risk tolerance are allowed to enter.

New policy: Providing cryptocurrency funds to all customers

Meaning: Millions of ordinary investors gaining access to crypto investment channels

Impact on XRP: If the XRP ETF is approved, it will directly benefit from this wave of institutional openness.

According to reports, this American banking giant will offer cryptocurrency funds to all clients. The policy shift by Vanguard Group and Morgan Stanley further legitimizes digital assets and has the potential to promote their adoption.

This trend is a short-term negative for XRP's news today (due to the flash crash), but in the long run, the entry of institutions is a significant positive. Once the XRP Spot ETF is launched, it will immediately gain distribution channels from these traditional financial giants.

XRP Technical Analysis and Key Price Levels

(Source: Trading View)

On October 10, XRP experienced a big dump of 15.3%, closing at 2.3753 dollars, after a fall of 2.64% the previous day. The token's performance lagged behind the market, which fell by 9.38% and dropped below the 50-day and 200-day exponential moving averages.

· Key Technical Levels Review

Traders are paying attention to the following technical levels:

Support Level:

2.3 USD: Current key support, holding it confirms a rebound.

2.0 USD: secondary support, psychological barrier

1.9 USD: The last line of defense, losing it will trigger panic

Resistance level:

2.5 USD: Short-term rebound target

2.8 USD: Mid-term resistance, must break through to reverse the bearish pattern.

3.0 USD: Psychological barrier, breaking through will open up a new round of 상승.

The XRP daily chart has issued a bearish price signal, with a fall below the 50-day and 200-day exponential moving averages indicating a deterioration in the technical outlook. In the short term, it is necessary to hold the support at 2.3 USD, otherwise it will test the 2.0 USD level or even lower.

XRP Today's Key Catalysts and Situation Analysis

In the upcoming trading days, several key scenarios may drive recent price trends:

· Five Key Catalysts

China-US Trade Development: Results of the Meeting Between Trump and Xi Jinping at the APEC Summit from October 31 to November 1

U.S. Senate's temporary funding bill vote: Voting on October 14 to decide whether the government will reopen.

The development of the XRP ETF: delays or launches, and BlackRock's position in the iShares XRP Trust

The demand from blue-chip companies for XRP as a financial reserve asset: similar to MicroStrategy's purchase of BTC.

Regulatory Milestone: Ripple applies for a U.S. chartered bank license, market structure bill, and SWIFT-related news

· Bearish Scenario (Possible fall to 2.0 USD)

1. The China-U.S. trade war has fully erupted.

2. GDLC, BITW, and XRPR ETF recorded outflows, and BlackRock downplayed the XRP Spot ETF plans.

3. The U.S. government shutdown will continue beyond October 14, delaying the XRP Spot ETF.

4. Lawmakers question crypto-friendly regulations, including the "Market Structure Bill".

5. Blue-chip companies avoid using XRP as a treasury reserve asset.

6. OCC delays or denies Ripple's US charter banking license.

7. SWIFT maintains its market share in the global remittance market, limiting Ripple's market access.

These bearish scenarios could drag XRP to $2.3, exposing the support level at $2.0.

· Bullish scenario (potential rise to 3.0 USD)

1. The tension in China-US trade has eased.

2. The U.S. Senate passed a temporary funding bill.

3. BITW, GDLC and XRPR report strong inflows.

4. BlackRock submitted an S-1 filing for the iShares XRP Trust, and the U.S. Securities and Exchange Commission (SEC) approved the XRP Spot ETF.

5. Blue-chip companies purchase XRP for financial purposes, and more payment platforms integrate Ripple technology.

6. Ripple has obtained a charter bank license in the United States, and the Senate has passed the market structure bill.

7. SWIFT's market share has been taken by Ripple.

These bullish scenarios could drive XRP up to $2.5, with bullish targets at $2.8. If XRP continues to break through $2.84, it may push XRP up to $3.0.

Big Question: Will the XRP Spot ETF be launched in October?

Despite the big dump in XRP prices in October, some price catalysts may still drive it to new highs. The launch of the Spot ETF and the passage of the "Market Structure Bill" by the Senate could stimulate broader demand from retail and institutional investors. However, the delay in the launch of the XRP Spot ETF and setbacks in legislation may put pressure on market sentiment.

Analysts will closely monitor how regulatory risks affect the price outlook of XRP in the coming weeks. Although today's news about XRP is filled with panic from the flash crash triggered by Trump tariffs, the hope for an ETF still offers a glimmer of opportunity for long-term investors.

The key lies in the Senate vote on October 14 and the subsequent SEC approval progress. If all goes well, XRP could迎來 a historic moment for the ETF launch at the end of October, with the price expected to return to above $3 and reach new highs.