The crypto market has demonstrated resilience to technological shocks. A report released over the weekend revealed the process of preventing what was historically the largest technological crisis in the industry, a crisis that threatened the $94 billion market value of XRP, yet it did not trigger panic.

There was no chaotic selling in the market; the spot market managed to maintain local price levels and absorbed the negative news without any significant price losses.

During the trading session on Sunday, the market reacted indifferently to this potentially risky news. According to TradingView data, XRP / USD hovered around $1.388, with intraday fluctuations within 1%. After the vulnerability was disclosed, the price tried to decline for a while, but soon turned into a sideways movement.

A wider weekly chart clearly shows the boundaries of the current range. XRP continues to look for support above an upward trend line that spans from the lows in May to August. Prices fell back to around $1.32 that week, but were quickly absorbed by buying interest, resulting in a relatively long lower shadow.

Despite the external pressures of Bitcoin rebounding to the range of $80,000 to $83,000 and the yield on 10-year U.S. Treasury bonds rising to 5.345%, the price of XRP remains above its long-term average.

The ins and outs of the "almost exploited" incident: What exactly happened behind XRP

The reason there was no panic is that the vulnerability was already fixed before it was publicly disclosed. A report released on Sunday by Veria Labs revealed details of a vulnerability that had existed in the rippled codebase since 2015.

This integer overflow vulnerability theoretically allows for the issuance of 18 trillion XRP in a single transaction, which is equivalent to 184 times the network's fixed total supply.

This crisis was resolved through a rapid and confidential process. On September 21st, an agent of AI under Veria discovered this flaw, and subsequently, the XRPL team confirmed the issue through their bug bounty program, offering a record-breaking reward of $250,000.

As of September 25th, RippleX engineers have deployed the emergency xrpld 3.4.1 update. In order to beat the hackers to it, the network successfully bypassed the two-week validator voting process for the first time in over a decade. No instances of this vulnerability being exploited have been recorded on the mainnet.

The price trend has confirmed that there is support in the range of $1.32 to $1.37, and the spot market has held this range during the past few trading sessions. The main technical resistance for an increase remains in the range of $1.50 to $1.70, where previous local highs on the weekly chart are concentrated.

Before the traditional market opened on Monday, the asset was still trading within the narrow weekend range.