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Ripple under pressure: Is XRP at risk of another 10% price drop?
XRP struggles with falling demand on 11/3/2025 and threatens to break support at $2.40. Market analysis and forecasts.
Ripple under pressure: Is XRP at risk of another 10% price drop?
On November 3, 2025, the cryptocurrency Ripple (XRP) is trading above $2.40. The broader cryptocurrency market is currently influenced by a “risk-off” sentiment, which resulted in a significant sell-off. Particularly striking is the decline in demand for XRP observed since October 10, when over $19 billion worth of cryptocurrency assets were liquidated in a single day. This development has had a major impact on trading volumes and trust in market participants.
Currently, XRP's average open interest (OI) is $4.33 billion, down from its previous high of $9.09 billion in October. At the same time, the OI-weighted funding rate for XRP fell from 0.0085% to 0.0010%. This shows that many traders are closing their long positions and increasing their short positions. XRP’s historical price range is now at a critical point.
Technical analysis and market development
XRP is currently testing short-term support at $2.40. The relative strength index (RSI) shows a bearish bias with a value of 41. Additionally, the Moving Average Convergence Divergence (MACD) could issue a sell signal in the near future. The price is currently below the key moving averages: the 200-day EMA is at $2.60, the 50-day EMA is at $2.64, and the 100-day EMA is at $2.72.
There is a possibility of further downside of up to 10% if the support at $2.40 breaks. Critical support levels include $2.18, last tested on October 17, and $1.90, previously reached in June. However, if support remains stable, a trend reversal could occur, potentially encouraging buying.
Market perspective and future developments
To formally encourage positive market sentiment, XRP would need to break not only the 200-day EMA, but also the 50- and 100-day EMAs, as well as a descending trend line that has existed since the all-time high of $3.66 in July. The coming days will be crucial in determining whether XRP is able to overcome these technical barriers and revive investor interest.
For more details on the current developments and analysis of XRP, see the articles on FXStreet.