XRP Price Plummets: Will Ripple Swell Event Ignite a Reversal or Deeper Crisis?

Investors closely watch the XRP price as it struggles. Despite the approaching Ripple Swell event, XRP has lost significant ground. Many expected a pre-conference rally. Instead, the altcoin risks further drops. This situation has left many in the crypto market wondering about its future trajectory.

XRP Price Action Defies Ripple Swell Expectations

Anticipation for Ripple’s annual Swell event typically boosts investor sentiment. However, this year presents a different picture. The XRP price has continued its downward trend. It risks dropping to $2 in the coming days or weeks. This recent performance contrasts sharply with historical patterns. XRP dropped 7.5% this week. This occurred despite the upcoming conference. Historically, Ripple Swell sparked significant pre-conference rallies. This time, investor sentiment remains largely unmoved.

A key indicator for this bearish outlook is XRP’s chart pattern. A rounded top formation projects a potential drop. If crucial support levels fail to hold, XRP could fall to $2.09. This technical signal suggests continued downward pressure. The current market dynamics seem to override the positive buzz around Swell. This divergence raises questions about the event’s immediate impact on the asset’s value. [img src=”XRP/USD four-hour chart. Source: Crypto News Insights/TradingView” alt=”XRP/USD four-hour chart showing a downtrend despite upcoming Ripple Swell.”] XRP/USD four-hour chart. Source: Crypto News Insights/TradingView

The Ripple Swell conference is set for November 4-5 in New York. It promises a strong intersection of crypto with US policy and traditional finance. Over 600 attendees from 40 countries will gather. White House crypto adviser Patrick Witt is a keynote speaker. Executives from BlackRock, Nasdaq, Citi, and BNY Mellon will also attend. Yet, XRP bulls have largely ignored these positive signals. The price has fallen 7.5% since Monday. It continues its prevailing downtrend. This trend is visible on the four-hour chart. Traders observe this closely for any shifts.

Deep Dive into Ripple Swell 2025 and Tokenized Assets

Ripple Swell 2025 is a pivotal gathering. It focuses on blockchain’s role in regulated finance. The agenda highlights the XRP Ledger’s (XRPL) alignment with ISO 20022 standards. This emphasizes its utility in several key areas. These include tokenized assets (RWAs) and cross-border payments. Such advancements are crucial for institutional adoption. They streamline financial operations globally. The event provides a platform for industry leaders. They discuss the future of digital finance.

A significant session is titled “The Impact of Tokenized Financial Assets on Capital Markets.” BlackRock Director of Digital Assets Maxwell Stein will speak. Executives from Moody’s and CoinDesk will join him. This discussion underscores the growing importance of tokenization. It explores how digital assets reshape traditional markets. Furthermore, a live demo of stablecoin settlements on XRPL is planned. Keynotes from CEO Brad Garlinghouse and Nasdaq’s Adena Friedman will also feature. These presentations highlight XRP’s potential. It can serve as a bridge for institutional liquidity. This could accelerate adoption in treasury management and DeFi integrations. The conference aims to showcase real-world applications. These applications could drive future growth for the XRP ecosystem.

Historically, Swell events sparked short-term surges in XRP price. These rallies often stemmed from partnership announcements and hype. In 2017, ahead of the San Francisco edition, XRP price doubled. It moved from $0.20 to over $0.40 with the launch of xRapid. The 2018 Toronto event saw XRP climb 50%. This occurred in the lead-up to the conference. Announcements, including MoneyGram’s expansion, fueled this rise. Even in 2019’s Singapore gathering, XRP gained 32%. RBI Governor Raghuram Rajan’s keynote on global remittances buoyed it. However, post-event volatility often followed. A classic “sell-the-news” scenario led to a 30% correction in many instances. While 2024’s Miami Swell event saw modest 10% gains, reflecting the SEC overhang, 2025 offered new hope. Regulatory clarity, following the appeal dismissal, was expected to amplify past booms. Yet, this has not materialized. The XRP price remains muted below $3.

Comprehensive XRP Analysis: Bearish Signals Mount

A thorough XRP analysis reveals a bearish picture. This holds true across lower time frames. XRP currently trades at $2.49. It recently tested the $2.37 support level. Volume has declined by 8% over the last 24 hours. This signals waning buyer conviction. The market lacks strong bullish momentum. A rounding top pattern formed on the four-hour chart since October 22. This pattern hints at a continuation of the downtrend. Technical indicators reinforce this view. The Relative Strength Index (RSI) sits below the 50 mark. This indicates bearish momentum. The Moving Average Convergence Divergence (MACD) has crossed below its middle line. This further suggests more downside potential. These signals collectively paint a grim outlook for short-term price action.

Bears are now targeting the pattern’s neckline at $2.37. A four-hour candlestick close below this level would be critical. It would pave the way for a further decline. The measured target of the rounded top pattern is $2.09. This represents a 16% drop from the current price. This level acts as a significant psychological and technical target. Key moving averages also act as resistance. The 50-period Simple Moving Average (SMA) sits at $2.55. The 200-period SMA is at $2.84. These levels could hinder any upward movement. As Crypto News Insights reported, continued rejection from the 20-day Exponential Moving Average (EMA) at $2.53 suggests bears remain in control. This scenario risks XRP’s drop to $2.20 or lower. The immediate future for XRP appears challenging.

The Broader Crypto Market and XRP’s Future

The sentiment within the broader crypto market also impacts XRP. While Bitcoin often leads the market, altcoins like XRP can show independent trends. However, a generally cautious market environment can suppress individual asset gains. The current muted response to Ripple Swell could reflect wider market uncertainty. Investors might be prioritizing capital preservation. They could be waiting for clearer bullish signals. The integration of tokenized assets and ISO 20022 standards is significant long-term. Yet, these fundamental developments do not always translate to immediate price action. Short-term speculation often drives crypto prices. Long-term utility builds foundational value. For now, speculative interest in XRP remains low.

XRP’s potential as a bridge for institutional liquidity is immense. Its role in cross-border payments could be transformative. However, the market needs to price in this potential. Regulatory clarity in the US could certainly help. It might unlock new institutional capital. The presence of high-profile attendees at Swell underscores this potential. Yet, the immediate price action suggests a disconnect. Traders often focus on technical levels and immediate news. They sometimes overlook long-term fundamental strengths. The current bearish trend demands caution. Investors should monitor key support and resistance levels. A reversal would require a strong catalyst. This could be a major partnership announcement. Or it could be a significant shift in overall market sentiment. Until then, the path of least resistance appears to be downwards.

Conclusion: Navigating XRP’s Volatile Path

The XRP price currently faces a critical juncture. Despite the strategic importance of the upcoming Ripple Swell event, bearish sentiment prevails. Technical indicators point towards further declines. The potential for a drop to $2.09 remains. While the long-term utility of XRPL and tokenized assets is clear, immediate market forces dominate. Investors must consider both technical XRP analysis and broader crypto market trends. As always, this article does not contain investment advice or recommendations. Every investment and trading move involves risk. Readers should conduct their own thorough research before making any financial decisions.