Highlights:
This week, XRP’s price fell by 7.5%, even with the upcoming Ripple Swell event, which has typically led to pre-conference rallies.
The rounded top chart pattern for XRP indicates a potential drop to $2.09 if support levels are breached.
The annual Ripple Swell conference is set for Nov. 4-5 in New York, featuring a robust agenda connecting cryptocurrency with US policy and traditional finance.
Despite this, XRP (XRP) bulls appear to be overlooking the event’s potential impact, as the price has declined by 7.5% since Monday, continuing its downtrend, as illustrated below.
Ripple’s Swell Conference vs. XRP price
Ripple’s Swell 2025 will be a key event for blockchain’s role in regulated finance, attracting over 600 participants from 40 countries, including White House crypto adviser Patrick Witt and leaders from BlackRock, Nasdaq, Citi, and BNY Mellon.
We’re excited to welcome @patrickjwitt from the White House’s Digital Assets Council to our keynote speaker lineup at Ripple Swell 2025.
This is a conversation you can’t miss.
LAST CHANCE: The deadline to request your invitation to attend is tomorrow, October 24th.
Join us in… pic.twitter.com/8n3s70tdSU
— Ripple (@Ripple) October 23, 2025
The agenda includes discussions on how the XRP Ledger (XRPL) aligns with ISO 20022 standards, showcasing its application in tokenizing real-world assets (RWAs) and enhancing cross-border payments.
Related: Without Bitcoin, what happens to Ether and XRP?
A session called “The Impact of Tokenized Financial Assets on Capital Markets” will feature BlackRock’s director of digital assets Maxwell Stein alongside executives from Moody’s.
A live demonstration of stablecoin settlements on XRPL and keynotes from CEO Brad Garlinghouse and Nasdaq’s Adena Friedman highlight XRP’s potential to facilitate institutional liquidity, possibly speeding up adoption in treasury management and DeFi integrations.
Historically, Swell events have led to short-term price increases in XRP, often fueled by partnership announcements and excitement. In 2017, prior to the San Francisco edition, XRP’s price soared from $0.20 to over $0.40 with the launch of xRapid.
During the 2018 Toronto event, XRP experienced a 50% spike before the conference due to announcements such as MoneyGram’s partnership.
Even at the 2019 Singapore gathering, XRP saw a 32% increase in anticipation, buoyed by RBI Governor Raghuram Rajan’s remarks on global remittances. However, typical post-event volatility resulted in a 30% drop in a classic “sell-the-news” scenario.
The 2024 Miami Swell event brought modest gains of 10%, influenced by SEC concerns, but expectations were high for the 2025 event, as regulatory clarity following the appeal dismissal could echo previous booms.
Nevertheless, XRP’s price remains subdued below $3.
XRP price faces a potential 16% decline
XRP’s charts indicate a bearish trend in lower time frames, currently trading at $2.49 after hitting the $2.37 support level. An 8% drop in volume over the last 24 hours suggests reduced buyer interest.
A rounding top formation on the four-hour chart, developing since Oct. 22, indicates a continuation of the downtrend. The relative strength index is positioned below 50, and the MACD has crossed below the midpoint, signaling further downside potential.
Bears are focused on bringing XRP back to the neckline of the pattern at $2.37. A four-hour candlestick close below this level could result in a further decline to the projected target of the rounded top at $2.09, representing a 16% drop from the current price.
Key moving averages providing resistance include the 50-period simple moving average (SMA) at $2.55 and the 200-period SMA at $2.84.
As reported by Cointelegraph, ongoing rejection from the 20-day EMA at $2.53 will suggest that the bears are dominant, risking XRP’s fall 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.
