XRP Market Analysis: Bears in Control as Price Dips Below Key Levels
November 5, 2025 – XRP has experienced a significant downturn over the past 24 hours, mirroring a broader sell-off across the cryptocurrency market. The digital asset broke below several crucial support levels, driven by widespread de-risking and significant liquidations. News surrounding ETF filings provided some narrative, but was insufficient to counter the prevailing bearish sentiment.
1. Price Action
- 24-Hour Performance: XRP saw a high of $2.36 and a low of $2.09. The current price stands at approximately $2.23.
- Percentage Change: The token has registered a loss of roughly 1.33% to 5.67% over the last 24 hours, depending on the data source.
- Trading Volume: The 24-hour trading volume is approximately $9.61 billion to $10.80 billion. This represents a notable increase in market activity, signaling a surge in selling pressure.
2. Technical Indicators
- Exponential Moving Averages (EMAs): XRP is currently trading well below its 50-day and 200-day EMAs, which are positioned around $2.62 and $2.59 respectively. This positioning indicates strong bearish momentum in the short to medium term. The 200-day EMA, previously a support level, has now flipped to become resistance, reinforcing the bearish outlook.
- Relative Strength Index (RSI): The daily RSI is currently at approximately 36, placing it in neutral territory but leaning towards oversold conditions. This suggests that while selling pressure is dominant, the asset could be nearing a point of exhaustion for the current downward move.
- Moving Average Convergence Divergence (MACD): The MACD has recently confirmed a bearish crossover, with the MACD line crossing below the signal line. The appearance of red histogram bars signals a shift in momentum in favor of sellers.
- On-Chain Data: The broader cryptocurrency market has witnessed substantial liquidations in the last 24 hours, with nearly $1.27 billion in leveraged futures contracts wiped out. While specific data for XRP was not isolated, this market-wide event points to forced selling and high volatility, contributing to the downward price pressure.
3. Support and Resistance
- Immediate Resistance: The primary resistance zone for XRP is between $2.30 and $2.35. A more significant cluster of resistance is found near the EMAs, between $2.50 and $2.63.
- Key Support: The immediate support level is being tested in the $2.15 to $2.20 range. If this level fails to hold, the next significant support is the psychological level of $2.00.
- Fibonacci Retracement: While specific Fibonacci levels were not prominently cited in the immediate 24-hour analysis, the current support and resistance zones align with historical price action pivots.
4. Fundamental News
- Asset-Specific News: Franklin Templeton has reportedly updated its XRP ETF filing, which could potentially accelerate the approval process by the SEC. This development, however, was overshadowed by the negative market sentiment. At the Ripple Swell 2025 conference, the CEO of Bitwise highlighted the potential for an XRP ETF, citing community support and utility.
- Broader Market News: The entire cryptocurrency market experienced a sharp downturn, with Bitcoin falling nearly 6% and the total market capitalization dropping by approximately 5.8%. This was attributed to a strengthening U.S. dollar and a significant wave of liquidations across the market.
5. Social Media and Tweet Activity
- Social Sentiment: The overall social sentiment surrounding XRP appears to be mixed but leaning towards bearish in the short term, largely influenced by the recent price drop. However, some analysts view intense negative sentiment as a potential contrarian indicator for a future price bottom.
- Notable Narratives: Discussions around the potential for an XRP ETF remain a key narrative, with hashtags related to “XRP ETF” and “Ripple Swell” gaining some traction. However, the immediate price action has dominated conversations.
- Influencer Activity: Several crypto analysts on X (formerly Twitter) have been actively discussing the key support and resistance levels. For instance, analyst EGRAG CRYPTO highlighted the importance of various moving averages in determining XRP’s trend.
6. Short-Term Outlook & Forecast
Based on the synthesis of the available data, the short-term outlook for XRP remains cautious with a bearish bias. Technical indicators are predominantly negative, and the price is trading below key moving averages. The broader market sentiment is also weak, which will likely continue to influence XRP’s price action.
- Bearish Scenario: If sellers maintain pressure and break the immediate support around $2.15, a test of the crucial $2.00 psychological level is highly probable in the next 24-48 hours. A failure to hold this level could lead to further declines.
- Bullish Scenario: For a bullish reversal, buyers would need to defend the current support and reclaim the $2.35 resistance level. A successful break above this could signal a relief rally, potentially targeting the $2.50 area. This scenario would likely require a broader market recovery and a shift in overall sentiment.
Resources: This report is based on publicly available data from financial news websites, cryptocurrency data platforms, and social media feeds.
This analysis is for informational purposes only and does not constitute financial advice.
