XRP Price Prediction: Did it fall below $2.3 as bait? Wait for BTC to stabilize before buying the dip.

XRP price prediction falls into a critical turning point, hovering around $2.38 and breaking below the symmetrical triangle, whales sell off 400 million XRP ($1.25 billion), and the ETF review is delayed due to government shutdown. Analysts warn that XRP is unlikely to find a bottom before Bitcoin stabilizes, but $2.00-$2.30 may be a good opportunity to Buy the Dips.

XRP Price Prediction in Trouble: Multiple Bearish Pressures

(Source: Trading View)

XRP price is currently hovering around $2.38, having fallen 3% in the past 24 hours, with a market capitalization of $142.7 billion maintaining its position as the fifth major cryptocurrency. However, behind this seemingly stable ranking, XRP price predictions are facing multiple structural bearish pressures, leading analysts to generally adopt a cautious stance on the short-term trend.

The biggest pressure comes from the continuous selling by whales. In the past month, the largest holder of XRP has sold over 400 million tokens, worth approximately $1.25 billion, and this scale of capital outflow has directly accelerated the recent price decline. The selling pressure of over $50 million daily persists, which presents a heavy selling pressure ceiling for any rebound. For XRP price predictions, as long as there are no signs of whales stopping their selling activities, the upside potential is extremely limited.

The second bearish factor comes from the unexpected latency in the ETF review. The government shutdown in the United States has forced the SEC to operate with reduced personnel, delaying the review of seven pending XRP spot ETF applications. These approvals were initially expected to take place between October 18 and November 14, but the shutdown has disrupted the timeline. The betting platform Kalshi predicts that the shutdown could last up to 25 days, further delaying regulatory decisions. This is a significant blow to XRP price predictions, as the market originally anticipated that ETF approvals would serve as a price catalyst.

The third source of pressure comes from Trump's imposition of a 100% tariff on China, triggering a global risk-off wave. The S&P 500 index and the Nasdaq index fell more than 2% in a single day, Bitcoin plummeted over 10%, and the entire risk asset market faced indiscriminate selling. XRP, as a cryptocurrency with a larger market cap but relatively weaker liquidity, often experiences greater declines in such market conditions. The macroeconomic uncertainty brought by Trump's tariffs casts a shadow over all XRP price predictions.

In addition, the lack of recent news regarding BlackRock's iShares XRP Trust and the continued low participation from retail investors have limited upward momentum. Compared to the widespread attention received by Bitcoin and Ethereum ETFs, the market interest in the XRP ETF is noticeably insufficient. This lukewarm attitude is reflected in the conservative tendencies of XRP price predictions, indicating that even if the ETF is ultimately approved, the market reaction may not be as strong as anticipated.

Technical Breakdown: XRP Price Forecast Points to Deeper Pullback

From a technical perspective, XRP has broken below the multi-month symmetrical triangle that has dominated prices since July, which is a key signal indicating a clear bearish shift in XRP price predictions. A symmetrical triangle is a consolidation pattern, and the direction of the breakout usually determines the subsequent trend. XRP's choice to break downwards means that technical traders see this as a bearish confirmation, triggering a stop-loss waterfall effect.

After breaking below the lower edge of the triangle at 2.70 USD, XRP quickly dipped to the 2.30 USD area, marking the lowest point in several months. The 100-day simple moving average is at 2.63 USD, becoming a direct resistance level. The Relative Strength Index (RSI) has fallen to 26.9, entering oversold territory. Although oversold conditions may indicate a potential technical rebound in the short term, the resistance zone at 2.70-2.80 USD could lead to more profit-taking and liquidation selling.

If the bearish momentum continues, the next target price forecast for XRP is $2.02, which is a key Fibonacci retracement level. Deeper support is at $1.77, the area where XRP last consolidated before the rebound in July. Watch for reversal patterns such as doji or hammer candles around $2.30, which could be signs of selling exhaustion and the formation of a short-term bottom.

XRP Price Prediction Strategy: Buy the Dips after Bitcoin Stabilizes

The key logic behind the XRP price prediction lies in its correlation with Bitcoin. Analysts point out that XRP has not truly bottomed out yet, as Bitcoin continues to struggle below $112,000. Historical data shows that independent rebounds of XRP and other altcoins typically require Bitcoin to stabilize and restart its upward movement first. As long as BTC remains weak, the XRP price prediction remains difficult to be optimistic about.

However, from a fundamental perspective, the long-term outlook for XRP has not changed. Although the ETF review has been delayed, it has not been rejected, and institutional investor interest remains. Once Bitcoin breaks through $115,000 and drives the market shift, XRP is expected to recover lost ground. For traders, a cautious strategy is to gradually buy in the support area of $2.00-$2.30, with a stop loss set below $2.25 and a target of rebounding to $2.80-$3.18 after momentum stabilizes.

Analysts predict that once the government resumes operations and the ETF approval progresses, market sentiment may improve rapidly, pushing the XRP price target to $3.30. However, before that, it is wiser to patiently wait for Bitcoin to stabilize and for macro headwinds to ease. Although the current pullback is painful, it may lay the foundation for a stronger recovery in the fourth quarter, as a broader adjustment is cleansing leverage and excessive optimism.