XRP Price Rises Ahead of Ripple’s Swell 2025 but Faces Bearish Pressure

The XRP price has slipped 4% in the last 24 hours, to trade at $2.51, on a 8% drop in the daily trading volume, to $7.47 billion.

That price jump comes as Ripple prepares for its annual Swell 2025 conference, set for November 4–5 in New York, which marks one of the strongest intersections of crypto, U.S. policy, and traditional finance. The event will gather over 600 attendees from 40 countries, including White House crypto adviser Patrick Witt and executives from BlackRock, Nasdaq, Citi, and BNY Mellon.

Key sessions will focus on the XRP Ledger’s (XRPL) ISO 20022 alignment, tokenization of real-world assets, and live stablecoin settlement demos, showcasing XRP’s role in cross-border payments and institutional liquidity.

Despite the excitement around the event, XRP has dropped 7.5% since Monday, staying below $3 and extending its downtrend. Historically, Swell events have sparked pre-conference rallies—like 2017’s 100% surge and 2018’s 50% rise—but this year’s muted reaction points to reduced speculative enthusiasm. Traders appear cautious, recalling previous “sell-the-news” corrections that followed Swell events.

Even with improved regulatory clarity after the SEC appeal dismissal, XRP bulls seem hesitant, suggesting that Ripple’s institutional and policy advances have yet to translate into near-term price momentum.

XRP Price Eyes Bullish Reversal After Breaking Out of Bearish Channel

XRP is showing signs of renewed strength after breaking out of a long-term bearish channel that had kept the token under pressure since July. The coin is currently trading around $2.52, up by 3.31% in the last 24 hours, suggesting that a bullish reversal may be taking shape.

The daily chart shows XRP forming a bearish channel, with prices moving between lower highs and lower lows for several months. However, the recent breakout above the upper boundary of this channel indicates that sellers are losing control, and buyers may be preparing to push the price higher. Such a move often marks the beginning of a trend reversal, especially when supported by growing market volume.

XRPUSDT Analysis Source: Tradingview

Before this breakout, XRP found strong support near the $2.00 level, which previously acted as a major accumulation zone between April and June. This zone has once again proven to be a reliable base for buyers, preventing further decline and setting the stage for the current rebound. The immediate resistance now sits near $2.80, followed by the $3.00 level. A sustained move above these levels could confirm a full bullish breakout, targeting around $3.50, which aligns with the measured move from the channel height.

The Relative Strength Index (RSI) on the daily timeframe is currently at 46.9, showing that momentum is recovering from oversold levels. This neutral reading means the token still has room to rise before becoming overbought. A push above the 50 mark on the RSI would further confirm the strengthening of bullish momentum.

In addition, the pattern suggests a bullish reversal setup, supported by increased buying volume and a positive sentiment shift among traders. If XRP manages to stay above the $2.50 support level, the next few sessions could see further upward movement toward the $3.50 target.