XRP price news: declines to $2.42 — bearish technicals persist amid Swell event anticipation

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Xrp slides 4.06% today to $2.42

Highlights

XRP trades below the MA-20 ($2.4737), MA-50 ($2.7106), and MA-200 ($2.6210), with daily losses of 4.06% to $2.42 and strong bearish momentum.
The Ripple Swell event in New York, featuring leaders from Nasdaq and BlackRock, and Gemini's XRP relisting spotlight potential institutional engagement and strategic announcements.
XRP's weekly forecast projects a range of $0.8872–$2.3994 with a low probability (under 20%) of upward movement, favoring further decline absent a break above $2.4737.

Swell event and major relisting drive focus on institutional engagement

XRP market activity is expected to be influenced by the upcoming Ripple Swell event in New York, scheduled to feature major discussions on stablecoins, tokenization of real-world assets, and institutional adoption with industry leaders including executives from Nasdaq and BlackRock. The event represents a key moment for the XRP ecosystem, drawing attention to potential strategic announcements and further institutional engagement. Secondary developments include Gemini's recent collaboration with Ripple and the relisting of XRP, reflecting sustained engagement between major exchanges and the asset.

Bearish pressure confirmed as strong sell signals meet mixed oscillators

Momentum readings on the daily chart are negative, with a strong sell MACD signal and a moderately strong ADX confirming established bearish momentum. Oscillators such as RSI are in neutral to mild oversold territory, and CCI is neutral, while Stoch RSI is not strongly indicating an oversold bounce. Bull/Bear Power gives a buy signal, suggesting some pockets of buying interest intraday, though the Awesome Oscillator reinforces the dominant selling trend. XRP declined 4.06% today to $2.42, with no significant gap at the open and the current price positioned near today’s low, indicating high volatility and sustained pressure after the open. There is a noticeable divergence between mixed oscillator readings and strong bearish momentum, with intraday selling confirming negative momentum signals.

Low upside probability as sideways consolidation and breakdown risks weigh

For the coming week, the forecasted range is between $0.8872 and $2.3994, with an average price projected at $1.6433. The probability of an upward move is very low (less than 20%), making further declines more likely. The baseline scenario is for XRP to consolidate sideways between dynamic support at $2.0896 and resistance at MA-20 ($2.4737). The bullish scenario would require a break above resistance and settlement above $2.4737. In contrast, a bearish scenario could see the price falling below $2.0896, opening the way to next support levels outlined in the weekly range.

Anton Kharitonov, expert at Traders Union, interprets the current technical structure of XRP as decisively bearish, with price action suppressed below all key moving averages and strong momentum indicators confirming downside dominance. He highlights the upcoming Ripple Swell event and recent exchange partnerships as important, but notes that these developments have yet to translate into positive price action in the face of strong selling pressure and volatility. Kharitonov maintains a defensive, risk-aware outlook, emphasizing that further declines are likely unless the price can break and hold above the $2.4737 resistance. "Until XRP reclaims $2.4737, I see little justification for optimism and prefer to stay on the sidelines."

Last time we reported that Bitwise submitted its final S-1 filing for an XRP exchange-traded fund, with anticipation that SEC approval and a possible NYSE launch could arrive soon. The analysis also noted persistent bearish technical signals and stated that the probability of an increase is low — less than 20% amid consolidation below the $2.63 level.

Source of Data: XRP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.