Overview

Anticipation surrounding Ripple’s annual Swell event has not been enough to bolster investor confidence, leading to concerns that the price of XRP might fall to $2 in the near future.

Market Insights

• XRP dropped 7.5% this week despite positive sentiment about the upcoming Ripple Swell event, which usually influences price increases prior to the conference.
• Chart Analysis: The recent pattern indicates a potential drop to $2.09 if certain support levels break down.

The Ripple Swell conference, scheduled for November 4-5 in New York, is expected to showcase a significant intersection of crypto and traditional financing. However, it seems that the price action of XRP does not reflect the anticipated positive impact of the event as it continues on a downward trajectory.

XRP Chart XRP/USD four-hour chart. Source: Cointelegraph/TradingView

Ripple’s Swell Conference and XRP Price

The conference plays a crucial role in discussing the future of blockchain in regulated finance, with over 600 attendees expected from 40 countries, including the White House’s crypto adviser Patrick Witt, alongside 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.”

Agenda Highlights

• The event will cover critical topics such as the XRP Ledger’s (XRPL) compatibility with ISO 20022 standards, focusing on asset tokenization and cross-border payments.
• A live demonstration of stablecoin settlements on the XRPL will be conducted, with keynote speeches from Brad Garlinghouse and Adena Friedman, underlining XRP’s potential as a liquidity bridge for institutions.

Historically, events have led to XRP price rallies driven by announcements and partnerships but have also experienced ‘sell-the-news’ corrections post-event.

Current Price Outlook

XRP currently trades at $2.49, having tested the $2.37 support level. If the bears take control, further declines toward $2.09 may follow, suggesting a 16% drop from its current level.

This article does not constitute financial advice. Investors should conduct their own research before making decisions.