Is XRP Dead? The Price Cratered, but ETFs and Stablecoins Might Save the Day!

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Well, it’s official: XRP is on a wild ride to the bottom, and it’s not exactly doing a lot of fancy tricks on the way down. On Tuesday, as the crypto market experienced yet another round of turmoil, the Ripple Swell event kicked off in New York. A whole bunch of important people gathered to discuss, I assume, the future of crypto… while XRP price continued its freefall.

  • XRP has plummeted by a massive 37% since its peak in July. Ouch.
  • It’s just another casualty in the ongoing crypto market slump, which is basically a ‘hold my beer’ moment for Bitcoin.
  • The Ripple chart is forming something called a death cross. Sounds ominous, right?

Why is the Ripple Price Falling? (Spoiler: It’s a Little Bit of Everything)

XRP price hit a sad $2.27, marking a 37% drop from its peak earlier this year. In the past seven days, it dropped almost 10%. Can we get a moment of silence for this poor coin? The crash has dragged its market cap down to a measly $137 billion.

The reason for the downturn? Well, it’s not just XRP’s fault. The entire crypto market is in the dumps. Bitcoin fell below $104,000 for the first time in weeks (oh, the horror), and the entire crypto market cap crashed down to $3.4 trillion, which sounds like a small fortune if you haven’t been paying attention.

It’s also been a rough time for traders, with liquidations skyrocketing. CoinGlass data shows that XRP’s futures open interest plummeted to $3.5 billion, the lowest level since October 19. At one point, it was sitting pretty at over $9 billion. A major liquidation event earlier this month saw $20 billion vanish in a single day-talk about a ‘risky’ business.

But before you write off XRP as completely hopeless, let’s focus on the silver lining. There are still a few potential sparks of hope for our beleaguered coin. XRP’s not entirely dead yet, folks!

First, there’s the REX-Osprey XRP ETF. It’s been doing surprisingly well considering the broader market is in the gutter. With $120 million in assets, it’s off to a solid start-especially for a freshly launched ETF. And hey, it only has a 0.75% expense ratio. That’s practically a bargain for a product that’s trying to hold up an entire cryptocurrency.

And if that wasn’t enough, more XRP ETFs could be on the way. Bitwise, for instance, just updated its filing, so who knows? Maybe there’s more ETF love in the future.

Meanwhile, there’s also news about Ripple’s USD stablecoin. This thing is on track to hit the $1 billion milestone-just one year after launching! It’s one of the fastest-growing stablecoins in the crypto world, which is honestly a nice little silver lining for XRP, as it could boost its price once the market stops throwing tantrums.

But wait, there’s more! Ripple has been busy buying companies like Palisade (for institutional custody solutions), GTreasury, Rail, and Hidden Road (now known as Ripple Prime). These acquisitions should help boost the XRP Ledger network. Could it be that Ripple’s quietly setting itself up for a comeback? We can only hope.

And let’s not forget the Ripple Swell event, which is happening this week in New York. It’s not just a swanky affair for the crypto elite; companies like Nasdaq, BlackRock, and Franklin Templeton are involved. They’ll all be rubbing elbows and talking about the future of finance-while XRP tries to figure out how to stop bleeding money.

What’s the Deal with XRP’s Technicals? (Spoiler: It’s Not Pretty)

If you look at the XRP price chart, it’s not exactly giving off “vibrant health” vibes. The price has dropped from $3.65 in July to a sad $2.26. It’s forming a descending channel (basically a fancy way of saying “it’s falling”), and it’s about to cross over what’s known as a death cross pattern on the daily chart. Yikes.

XRP has also fallen below both the 50-day and 200-day Exponential Moving Averages. For those who don’t speak crypto, this is bad. Like, really bad.

The Supertrend indicator is also showing signs that things aren’t looking good. Add to that the fact that the True Strength Index is pointing downward, and you’ve got yourself a recipe for disaster. Ripple’s in a precarious spot, and it looks like the next stop might be the key support level at $2.

If XRP falls below that, things could get even uglier. The whole double-bottom pattern they’ve been hoping for might just go up in smoke. Fingers crossed, but don’t hold your breath.

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2025-11-04 18:57