XRP’s bearish momentum has continued into early November, with the cryptocurrency struggling to hold key support levels despite the buzz surrounding Ripple’s Swell 2025 conference. The token slipped below $2.40, signaling growing weakness and raising the risk of further declines toward the $2.25–$2.30 zone in the short term.

Over the past few sessions, XRP has shown clear signs of exhaustion following repeated failures to stay above $2.50. Sellers remain firmly in control, putting pressure on the market even as Ripple’s ecosystem continues to expand through new partnerships and stablecoin developments.

Technical Breakdown: XRP Below Key Moving Averages

Market data from Kraken indicates that XRP gained significant bearish momentum after falling below $2.50. The selloff intensified once the price broke through $2.40, pushing it down to a daily low near $2.26 before a mild recovery attempt.

Currently, XRP is trading below the 100-hourly Simple Moving Average, a signal that downward pressure remains strong. A short-term bearish trend line has formed, with resistance located around $2.55 — a level that could act as a ceiling for any recovery efforts.

The immediate resistance sits near $2.40, aligning with the 50% Fibonacci retracement level of the recent decline from $2.55 to $2.26. Above this, the next resistance levels are at $2.48 and $2.55, which must be cleared before XRP can attempt a meaningful rebound.

Ripple Swell 2025 Overshadowed by Market Weakness

Ripple’s annual Swell 2025 conference — currently taking place in New York — has generated considerable attention within the crypto community. The event features top discussions on blockchain regulation, digital assets, and cross-border payment innovation. However, the excitement has yet to translate into positive market action for XRP.

Historically, Swell conferences have influenced XRP sentiment, but this year’s event coincides with a broader market pullback. Despite Ripple’s recent milestones — including the RLUSD stablecoin surpassing a $1 billion market cap and growing institutional partnerships — traders appear focused on near-term technical signals rather than long-term fundamentals.

Support Levels: $2.30 Crucial for Short-Term Stability

The $2.30 level now serves as the most critical short-term support for XRP. A decisive move below it could open the door to deeper losses, with potential downside targets at $2.25, $2.22, and $2.20.

If the token manages to stay above $2.30, buyers may attempt a recovery toward $2.40 and $2.48. However, any upward move will likely face heavy resistance, given the bearish trend structure and declining trading volumes.

For traders, maintaining caution remains key. As long as XRP trades below $2.50, short-term sentiment will likely remain negative.

Technical Indicators Show Persistent Bearish Bias

The MACD (Moving Average Convergence Divergence) indicator continues to move in the bearish zone, although its momentum is showing slight signs of easing. This suggests that while selling pressure is still dominant, it could be nearing a temporary pause.

Meanwhile, the Relative Strength Index (RSI) remains below the 50 mark, confirming that the market is still under bearish control. The RSI’s downward slope also highlights the absence of strong buying interest at current price levels.

Unless XRP sees a strong bounce from support, traders should prepare for further volatility. The $2.25–$2.20 zone could emerge as the next accumulation area if the selling pressure intensifies.

Broader Market Factors Continue to Influence XRP

XRP’s decline mirrors a broader downturn across the cryptocurrency market, as both Bitcoin and Ethereum have struggled to maintain bullish momentum. The renewed weakness in digital assets is being driven by caution among investors and ongoing concerns about global monetary tightening and regulatory developments.

Ripple’s recent success in establishing partnerships — such as with GTreasury and Fintech Bay — and expanding its ecosystem through RLUSD and Ripple Prime offers long-term promise. However, the immediate outlook for XRP remains tied to overall market sentiment and investor risk appetite.

What Could Reverse the Downtrend?

For XRP to reverse its bearish trajectory, the price would need to break above $2.55 with strong trading volume. Such a move could trigger a rally toward $2.60 or even $2.65, levels that have previously acted as key resistance points.

In the absence of a breakout, XRP could continue consolidating below $2.40, with each failed recovery attempt reinforcing the bearish narrative. Market participants will be closely monitoring updates from Ripple’s Swell 2025 sessions for potential catalysts that could restore confidence.

Outlook: Short-Term Pressure, Long-Term Opportunity

While short-term technicals suggest further downside risk, long-term investors remain cautiously optimistic. Ripple’s ongoing efforts to expand real-world utility, combined with progress in regulatory discussions, could eventually strengthen XRP’s market position.

Still, for now, traders are watching closely to see if XRP can defend the $2.30 support zone. A sustained move below that level would confirm another leg lower, while a rebound above $2.50 could hint at the beginning of stabilization.

As Ripple Swell 2025 continues, market participants await fresh developments that could influence XRP’s trajectory for the rest of the year.