Key takeaways:
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XRP price dropped 7.5% this week despite the upcoming Ripple Swell event, which has historically sparked pre-conference rallies.
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XRPโs rounded top chart pattern projects a drop to $2.09 if support levels fail to hold.
Rippleโs annual Swell conference, scheduled for Nov. 4-5 in New York, promises a lineup that marks one of the strongest intersections of crypto with US policy and traditional finance.ย
However, XRP (XRP) bulls largely ignored the possible impacts of the event, with the price falling 7.5% since Monday, while continuing its prevailing downtrend, as shown below.
Rippleโs Swell Conference vs. XRP price
Rippleโs Swell 2025 stands as a pivotal gathering for the role of blockchain in regulated finance, drawing over 600 attendees from 40 countries, including White House crypto adviser Patrick Witt, as well as executives from BlackRock, Nasdaq, Citi, and BNY Mellon.ย
Weโre excited to welcome @patrickjwitt from the White Houseโs Digital Assets Council to our keynote speaker lineup at Ripple Swell 2025.
This is a conversation you canโt miss.
LAST CHANCE: The deadline to request your invitation to attend is tomorrow, October 24th.
Join us inโฆ pic.twitter.com/8n3s70tdSU
โ Ripple (@Ripple) October 23, 2025
The agenda highlights the XRP Ledgerโs (XRPL) alignment with ISO 20022 standards, emphasizing its utility in tokenizing real-world assets (RWAs) and facilitating cross-border payments.ย
Related: Without Bitcoin, what happens to Ether and XRP?
There will also be a session titled โThe Impact of Tokenized Financial Assets on Capital Markets,โ featuring BlackRock Director of Digital Assets Maxwell Stein alongside Moodyโs and CryptoX executives.
A live demo of stablecoin settlements on XRPL and keynotes from CEO Brad Garlinghouse and Nasdaqโs Adena Friedman underscore XRPโs potential as a bridge for institutional liquidity, potentially accelerating adoption in treasury management and DeFi integrations.ย
Historically, Swell events have sparked short-term surges in XRP prices, often driven by partnership announcements and hype. In 2017, ahead of the San Francisco edition, XRP price doubled from $0.20 to over $0.40 on the launch of xRapid.
The 2018 Toronto event saw XRP climb 50% in the lead-up to the conference, driven by announcements, including MoneyGramโs expansion.
Even in 2019โs Singapore gathering, XRP gained 32% in the lead-up, buoyed by RBI Governor Raghuram Rajanโs keynote on global remittances. However, post-event volatility led to a 30% correction in a classic โsell-the-newsโ scenario.ย
While 2024โs Miami Swell event saw modest 10% gains, reflecting the SEC overhang, it was expected that 2025โs regulatory clarity, following the appeal dismissal, could amplify echoes of past booms.
However, this doesnโt appear to be the case as the XRP price remains muted below $3.
XRP price risks a 16% drop
XRPโs chart paints a bearish picture in lower time frames, trading at $2.49 after testing the $2.37 support level, with an 8% decline in volume over the last 24 hours signaling waning buyer conviction.ย
A rounding top pattern on the four-hour chart formed sinceย Oct. 22 hints at a continuation of the downtrend. The relative strength indexโs position below the 50 mark, and the MACDโs cross below the middle line, are hinting toward more downside.ย
The bears are now focused on pulling XRP back to the patternโs neckline at $2.37. A four-hour candlestick drop below this level would pave the way for a further decline toward the measured target of the rounded top at $2.09, representing a 16% drop from the current price.ย
Key moving averages acting as resistance are the 50-period simple moving average (SMA) at $2.55 and the 200-period SMA at $2.84.
As Cryptox reported, continued rejection from the 20-day EMA at $2.53 will suggest that the bears are in control, risking XRPโs drop to $2.20 or lower.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
