Share this article

XRP Drops 5% to $2.47 as Bears Break Key Support Level

The breach of the $2.50 level triggered significant trading activity, with a 158% increase in volume.

Updated Oct 31, 2025, 5:12 a.m. Published Oct 31, 2025, 5:12 a.m.
(CoinDesk Data)
(CoinDesk Data)

What to know:

  • XRP fell 5% to $2.47, breaking below the $2.50 support due to increased institutional selling.
  • The breach of the $2.50 level triggered significant trading activity, with a 158% increase in volume.
  • Traders are watching if the $2.43–$2.46 range can stabilize or if a drop below $2.40 will lead to further declines.

XRP broke below the $2.50 support during Tuesday’s session, sliding 5% to $2.47 as institutional selling pressure accelerated across major exchanges. The breakdown confirmed a decisive shift in structure following weeks of tight consolidation, with volume and chart patterns now aligning toward a deeper corrective phase.

News Background

  • The token’s 24-hour session saw prices tumble from $2.60 to $2.47, marking one of the largest single-day declines this month.
  • The breach of the $2.50 psychological level triggered a wave of algorithmic and institutional selling, propelling trading activity to 169 million tokens, up 158% versus the 24-hour average.
  • XRP’s market underperformance contrasts with broader crypto strength, suggesting rotation away from altcoins as risk appetite cools amid waning speculative participation.
  • The breakdown reinforced strong overhead resistance at $2.60, where repeated rejection points over recent weeks had capped upside momentum.

Price Action Summary

  • The selloff unfolded in structured phases through Tuesday’s trading. The initial breakdown began at 13:00 UTC, when heavy sell volume drove price decisively through the $2.50 support, igniting a cascade that extended to intraday lows near $2.38.
  • Subsequent price stabilization formed around the $2.43–$2.46 range, suggesting the early stages of a potential consolidation base.
  • Short-term momentum readings indicated exhaustion as volume tapered into the close, a dynamic often preceding interim pauses in trending declines.
  • On the microstructure level, 60-minute data showed two distinct distribution waves as XRP slipped from $2.472 to $2.466.
  • Successive hourly volume spikes of 2.8M and 2.6M tokens—each exceeding 300% of hourly averages—confirmed continued institutional control over intraday flows.

Technical Analysis

  • XRP’s breakdown marks a continuation of its lower-high, lower-low structure that began after the failed retest of the $2.60 resistance.
  • The session’s 8.8% volatility range underscores aggressive liquidation and profit-taking from larger holders, aligning with recent on-chain signals of exchange inflows.
  • Momentum indicators such as RSI have shifted into neutral-to-bearish territory, while MACD shows expanding downside divergence. The $2.40–$2.42 area now acts as immediate technical support, and a close below this band could open further downside toward $2.30–$2.33.
  • Volume analytics remain pivotal— the 169M turnover during breakdown confirms institutional participation rather than retail panic, while declining late-session activity implies that the bulk of distribution may already be complete.

What Traders Should Watch

  • Traders are closely monitoring whether $2.43–$2.46 can evolve into a stable accumulation zone or if a clean break below $2.40 accelerates capitulation.
  • Reclaiming the $2.50 level would be required to neutralize short-term bearish momentum and reestablish a constructive setup targeting $2.60.
  • Until then, rallies toward resistance are likely to face supply from trapped longs and short-term profit-takers.
  • Broader sentiment remains cautious amid risk-off rotation, with derivatives positioning showing declining open interest and modest upticks in short exposure across perpetual futures markets.

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere

japan, flag. (DavidRockDesign/Pixabay/Modified by CoinDesk)

Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.

What to know:

  • Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
  • Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
  • BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.