Price Analysis

XRP Price Forecast: Here’s What To Do As XRP Nosedives

XRP Price Forecast: After bravely facing the sell-off since last week, XRP is back above $0.5. A daily close above this level could call more buyers into the market, betting on a breakout to $1.
Published by
XRP Price Forecast: Here’s What To Do As XRP Nosedives

Highlights

  • XRP trading volume surges by 36%, indicating heightened market activity.
  • A whale offloads 31 million XRP to exchanges, raising bearish concerns
  • Mixed technical indicators suggest potential consolidation or volatility ahead.

XRP price forecast: The crypto market sustained last week’s bearish outlook on Monday and early Tuesday, with XRP retesting support at $0.5. Although the downtrend started with Bitcoin reacting to the hawkish stance of the Fed following the FOMC meeting on Wednesday, altcoins bore the brunt of the sell-off with some correcting as much as 30%. XRP price banks on support at $0.5 to strengthen the uptrend make way for the next run to $1.

The market capitalization of XRP has also surged, currently standing at approximately $27.65 billion, ranking it seventh in terms of market cap. The 24-hour trading volume has shown a positive trend, surging by 36% at $1.17 billion, suggesting active trading despite the market volatility.

Bitcoin on the other hand moves sideways above support at $65,000 after a gruesome week characterised by key events like the CPI report and the FOMC meeting. Losing this support could trigger more losses while defending will strengthen for a breakout to $70,000.

Advertisement

XRP Price Forecast: Is a Bullish Momentum on the Horizon?

XRP price has decreased by 5% over the past month, fluctuating between $0.54 and $0.46. This tight trading range underscores the current struggle for market dominance.

XRP Price Forecast

XRP has shown a modest 0.15% dip in the past week, reflecting a gradual volatility trend with a slight market correction. This week, XRP has traded within a narrow range, highlighting the ongoing tug-of-war between bulls and bears. 

Advertisement

XRP Whale Activity and Market Impact

A significant XRP whale has offloaded 31 million coins to a centralized exchange, coinciding with a recent price drop. This move has raised concerns among investors about the future of Ripple-backed cryptocurrency.

Large token dumps to exchanges are usually seen as bearish indicators. They increase the supply and can negatively affect prices. According to Whale Alert, an on-chain transaction tracking platform, a prominent XRP whale transferred 30.350 million XRP to two centralized exchanges within the past day.

This substantial transaction, valued at $14.53 million, was mainly directed to Bitstamp, a crypto exchange based in Luxembourg. This shift indicates heightened selling pressure. Such significant sales often trigger bearish sentiments among market participants, disrupting market stability and leading to increased volatility.

Advertisement

Technical Indicators and Future Predictions

XRP has seen notable fluctuations, indicating potential volatility in the market. XRP could surpass the $0.5 resistance level if the bullish momentum continues. Sustained upward movement may drive the price towards $0.7, possibly reaching $1 during the next bullish run.

On the other hand, if bearish sentiment prevails, XRP’s value could stabilize around $0.49. A further decline might see the price drop to $0.45, highlighting the cryptocurrency market’s unpredictable nature.

The daily technical indicators for XRP show mixed signals. The Moving Average Convergence Divergence (MACD) shows a bearish signal, with the MACD line slightly below the signal line. 

XRP Price Forecast| Source: Tradingview

The Relative Strength Index (RSI) is currently at 47, indicating a balance between buying and selling pressure. The Bollinger Bands on the daily chart demonstrate a notable pattern of volatility. The upper Bollinger Band is currently at $0.5369, while the lower Bollinger Band is around $0.47.

Advertisement

Related Articles

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Can Bitcoin Price Break $125k If President Trump Announces Deal with China on October 30th?

The Bitcoin price has been recovering steadily amid renewed optimism surrounding the upcoming Trump–Xi meeting…

October 27, 2025
  • Price Analysis

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

The Ethereum price remains steady near the $3,900 level after multiple failed attempts to reclaim…

October 25, 2025
  • Price Analysis

Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates

Bitcoin price is hovering around $111,742, reflecting a 0.5% gain in the last 24 hours.…

October 25, 2025
  • Price Analysis

PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?

Pepe coin price has remained under pressure despite renewed signals of investor repositioning in the…

October 25, 2025
  • Price Analysis

HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move

HBAR price rose by 2.4% today, Oct. 24, mirroring the performance of the crypto market…

October 24, 2025
  • Price Analysis

Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK

The Chainlink price has maintained steady traction near $17.6, with on-chain accumulation strengthening investor confidence.…

October 24, 2025