XRP price takes a hit, but key catalysts keep hope alive
The post XRP price takes a hit, but key catalysts keep hope alive appeared on BitcoinEthereumNews.com.
The XRP price crash continued on Tuesday, as crypto market weakness accelerated and the Ripple Swell event got underway in New York. Summary XRP price has crashed by 37% from its peak in July this year. The recent crash is part of the ongoing crypto market retreat. Ripple price is about to form a death cross pattern on the daily chart. Why the Ripple price is falling Ripple (XRP) price dropped to $2.27, down approximately 37% from its year-to-date high. It has fallen by almost 10% in the last seven days, bringing its market cap to $137 billion. The ongoing XRP price crash is happening because of the weakness in the crypto market that has pushed most tokens down sharply. Bitcoin (BTC) plunged below $104,000 for the first time in weeks, while the market capitalization of all tokens plunged to $3.4 trillion. The Ripple price has also crashed due to ongoing deleveraging among traders, with liquidations jumping. Data compiled by CoinGlass shows that XRP’s futures open interest has plunged to $3.5 billion, its lowest level since October 19. Its open interest stood at over $9 billion before the Oct. 11 liquidation event that cost 1.6 million over $20 billion within a day. On the positive side, XRP price has numerous potential catalysts that may boost its performance once the market stabilizes. One of them is the recently launched REX-Osprey XRP ETF is doing well despite the ongoing crypto market crash. It now holds about $120 million in assets, a good number for a newly launched ETF with an expense ratio of 0.75%. There are chances that the other XRP ETFs will be launched soon. For example, Bitwise updated its filing to include the exchange and the expense ratio. The other potential XRP news is that the Ripple USD stablecoin is…
Filed under: News - @ November 4, 2025 6:31 pm