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XRP Price Defies Bitget Hack, Surges to $1.54 Amid Steady Institutional Demand

Guavy AI Editorial Team
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XRP
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XRP's price surged to $1.54 after the Bitget exchange hack was discovered on September 24, showing resilience in the face of adversity.

The hacking incident resulted in a total theft of $387.5 million, with approximately 102.93 million XRP valued at $157 million being the single largest asset loss.

Despite this significant setback, traders observed that the price stability is a neutral-to-positive signal, suggesting that the market has absorbed the news without panic selling.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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