NewsBTC

4 November 2025

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XRP Faces Bearish Chart Pattern Amid Market Downtrend

Crypto analyst Tony Severino has identified a rare bearish chart pattern for XRP, indicating potential further declines. This is the third time the monthly LMACD has crossed bearishly, previously leading to 87% and 71% drops.

• The current market downtrend could push XRP below $2, a level previously breached during a $19 billion liquidation event.
• CasiTrades predicts a possible drop to $1.4 before a rebound.
• Despite the bearish outlook, some analysts see this as a buy-the-dip opportunity, expecting XRP to reach new all-time highs.

Positive developments include:

• The launch of Canary Capital’s spot XRP ETF on November 13.
• Amended filings from Grayscale and Bitwise for potential launches.
• Ripple's new crypto prime brokerage in the U.S. offering OTC trading for XRP and other cryptocurrencies.

Another analyst, Ether, suggests that XRP is preparing to break above the $3.1 resistance level, with accumulation over strong support at $1.9. The steady accumulation indicates buyer control and potential for an explosive move.

Currently, XRP is trading at approximately $2.2, down over 6% in the last 24 hours, according to CoinMarketCap.