{"id":15171,"date":"2025-11-04T15:30:08","date_gmt":"2025-11-04T15:30:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-takes-a-hit-but-etf-growth-and-stablecoin-milestones-keep-hope-alive\/"},"modified":"2025-11-04T15:30:15","modified_gmt":"2025-11-04T15:30:15","slug":"xrp-price-takes-a-hit-but-etf-growth-and-stablecoin-milestones-keep-hope-alive","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-takes-a-hit-but-etf-growth-and-stablecoin-milestones-keep-hope-alive\/","title":{"rendered":"XRP price takes a hit, but ETF growth and stablecoin milestones keep hope alive"},"content":{"rendered":"
\n

The XRP price crash continued on Tuesday, as crypto market weakness accelerated and the Ripple Swell event got underway in New York.\u00a0<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • XRP price has crashed by 37% from its peak in July this year.<\/li>\n
  • The recent crash is part of the ongoing crypto market retreat.<\/li>\n
  • Ripple price is about to form a death cross pattern on the daily chart.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Why the Ripple price is falling<\/h2>\n

    Ripple (XRP) price dropped to $2.27, down approximately 37% from its year-to-date high. It has fallen by almost 10% in the last seven days, bringing its market cap to $137 billion.<\/p>\n

    The ongoing XRP price crash is happening because of the weakness in the crypto market that has pushed most tokens down sharply. Bitcoin (BTC) plunged below $104,000 for the first time in weeks, while the market capitalization of all tokens plunged to $3.4 trillion.<\/p>\n

    The Ripple price has also crashed due to ongoing deleveraging among traders, with liquidations jumping. Data compiled by CoinGlass shows that XRP\u2019s futures open interest has plunged to $3.5 billion, its lowest level since October 19.\u00a0<\/p>\n

    Its open interest stood at over $9 billion before the Oct. 11 liquidation event that cost 1.6 million over $20 billion within a day.<\/p>\n

    <\/p>\n

    On the positive side, XRP price has numerous potential catalysts that may boost its performance once the market stabilizes.\u00a0<\/p>\n

    One of them is the recently launched REX-Osprey XRP ETF is doing well despite the ongoing crypto market crash. <\/strong>It now holds about $120 million in assets, a good number for a newly launched ETF with an expense ratio of 0.75%.<\/p>\n

    There are chances that the other XRP ETFs will be launched soon. For example, Bitwise updated its filing to include the exchange and the expense ratio.<\/p>\n

    The other potential XRP news is that the Ripple USD stablecoin is on a path towards hitting the $1 billion milestone, one year after launch. This growth makes it one of the fastest-growing stablecoins in the industry, a move that will benefit XRP price as more users embrace it on the XRP Ledger network.<\/p>\n

    Meanwhile, Ripple Labs has made some notable acquisitions recently that will help it to boost the XRP Ledger network. It acquired Palisade, <\/strong>a company that offers institutional custody solutions.<\/p>\n

    It recently acquired GTreasury, Rail, and Hidden Road, which is now known as Ripple Prime.<\/p>\n

    Meanwhile, the Ripple Swell event is happening in New York on Tuesday and Wednesday. This event brings together some of the world\u2019s largest companies, including Nasdaq Inc., BlackRock, and Franklin Templeton.<\/p>\n

    XRP price technical analysis\u00a0<\/h2>\n
    XRP price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the XRP price has crashed in the past few months, moving from $3.65 in July to $2.26 today.\u00a0<\/p>\n

    It has formed a descending channel and is nearing its lower side. Also, the token has moved below the 50-day and 200-day Exponential Moving Averages, and is about to form a death cross pattern.<\/p>\n

    XRP price has also moved below the Supertrend indicator, while the two lines of the True Strength Index have pointed downwards.<\/p>\n

    Therefore, the Ripple price will likely continue falling, potentially to the key support at $2. If it falls below the key support, the forming double-bottom pattern will be invalidated.<\/p>\n

    <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    The XRP price crash continued on Tuesday, as crypto market weakness accelerated and the Ripple Swell event got underway in New York.\u00a0 Summary XRP price has crashed by 37% from…<\/p>\n","protected":false},"author":1,"featured_media":11540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15171"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15171\/revisions"}],"predecessor-version":[{"id":15172,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15171\/revisions\/15172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11540"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}