XRP News Today: Ripple Swell 2025 Hype Clashes With Market Rout

XRP plunged below key support in a broad-based crypto market rout on Monday, November 3 – a buying opportunity or a 2025 derailment?

Fed concerns about inflation and speculation about a cooling economy raised stagflation risks, weighing on cryptocurrencies. Notably, Bitcoin (BTC) slid 3.58%, its largest drawdown since President Trump threatened to raise tariffs on China to 157%, leading to a 5.82% slump on August 10.

US Treasury Secretary Scott Bessent spooked investors, reportedly stating:

“Some portions of the economy are already in a recession, and others could fall into one without more interest rate cuts.”

Treasury Secretary Bessent’s comments coincided with Chicago Fed President Austan Goolsbee raising more concerns over elevated inflation than a cooling labor market. A slowing economy and rising inflation, essentially stagflation, could delay Fed rate cuts, impacting the US economy further.

US Government Shutdown Hits Sentiment

The US government shutdown added to the negative mood, prompting BTC, XRP, and the broader crypto market to decouple from the Nasdaq Composite Index. Economists speculated that the shutdown could extend beyond Thanksgiving, potentially impacting the US economy. The shutdown would enter its 34th day if the Senate impasse continues.

The Kobeissi Letter commented on the shutdown, stating:

“The US government shutdown is now expected to last through Thanksgiving, until December 1st, according to Polymarket. This would mark a 61 DAY shutdown, almost doubling the record.”

JPMorgan economist Michael Feroli recently commented on the economic fallout from the shutdown, stating:

“Each week, a shutdown subtracts about 0.1% from annualized GDP growth via reduced government activity. There could be a sentiment channel as well if the duration of the shutdown enters uncharted territory.”

Ripple Swell 2025 Takes Center Stage

While macroeconomic factors and Fed jitters weighed on sentiment, Ripple Swell 2025 could shift sentiment and renew bullish momentum for XRP.

Prominent Main Street names featuring at the conference include BlackRock, Citi, Fidelity, and JPMorgan, with the White House also in attendance.

Main Street’s attendance underscores Ripple’s growing presence in traditional finance since the resolution of the SEC vs. Ripple case. The resulting legal clarity enabled Ripple to target the TradFi space, further legitimizing XRP as a real-world utility asset.

Traders should closely monitor news updates from the conference. Potential tailwinds include:

• BlackRock announces plans to launch an iShares XRP Trust.
• Main Street banks plan to integrate Ripple technology.
• White House declares XRP a strategic reserve asset.

The XRP-spot ETF issuers will also be in focus, potentially providing launch dates and projected institutional demand levels.

Why Ripple Swell Matters for XRP Traders

XRP soared 742% in December 2017, contributing to a 30,452% annual gain, as the first Ripple Swell fueled FOMO.

Overall, Ripple Swell offers a bullish setup: All eyes should be on live streams for unscripted gems. What is your top bet—ETF or banks? DYOR, trade smart, and let’s see if history rhymes with those past rallies.

Technical Outlook: Key XRP Price Levels

XRP plunged 8.65% on Monday, November 3, reversing the previous day’s 0.95% gain to close at $2.3099. The token underperformed the broader crypto market, which slid 4.92%.

Following October’s 11.84% loss, Monday’s sell-off left the token trading well below the 50-day and 200-day Exponential Moving Averages (EMAs), suggesting a bearish bias. Nevertheless, certain developments could fuel a sustained rebound.

Key technical levels to watch include:

• Support levels: $2.2, $2.0, and $1.9.
• 50-day EMA resistance: $2.6289.
• 200-day EMA resistance: $2.6011.
• Resistance levels: $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Catalysts to Watch in the Coming Sessions

In the near term, several key events could influence price trends:

• A US Senate vote.
• XRP-spot ETFs (delays or launches) and BlackRock’s position for an iShares XRP Trust.
• Blue-chip companies’ interest in XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s application for a US-chartered bank license, the Market Structure Bill, and SWIFT-related news could also drive near-term price trends.

Bearish Scenario: Risks Below $2.2

• BlackRock downplays plans for an XRP-spot ETF.
• The US Senate impasse continues, delaying the launch of XRP-spot ETFs.
• The US Senate opposes crypto-friendly legislation, including the Market Structure Bill.
• Blue-chip companies dismiss interest in XRP as a treasury reserve asset.
• OCC delays or rejects Ripple’s US-chartered bank license.
• SWIFT maintains its market share in the global remittance sector, limiting Ripple’s market access.

These bearish events could push XRP below $2.2, bringing $2.0 into play. If breached, the June 2025 low of $1.9112 would be the next key support level.

The descending channel showed the repeated tests of the upper trendline in early October. However, XRP failed to break above the upper resistance, resulting in lower highs and lower lows, a bearish indicator. See the chart below for reference.

Bullish Scenario: Path to $3 Remains Challenging

• The US government reopens, and the SEC staff return to work.
• BlackRock files an S-1 for an iShares XRP Trust, and XRP-spot ETFs launch.
• Blue-chip companies boost XRP holdings for treasury reserve purposes, and Main Street integrates Ripple technology.
• Ripple secures a US-chartered bank license, and the US Senate passes the Market Structure Bill.

These bullish events could drive XRP toward $2.35, bringing $2.5 into sight. A sustained move through $2.5 could open the door to testing $2.62.

On Monday, the reversal tested support at the lower band. See the chart below. The current structure suggests a potential rebound, with the US Senate, XRP-spot ETFs, and the Fed in focus. A breakout above $2.5 would bring the upper band into play. A decisive break above the upper band resistance would signal scope for new highs.

Outlook: Bullish Longer-Term Outlook Intact

XRP’s near-term trajectory hinges on Capitol Hill, XRP-spot ETF approvals, and the Fed’s policy stance.

The token could hit new highs if the Fed supports a December rate cut, ETFs launch, and the Market Structure Bill progresses on Capitol Hill.