XRP Price Slips 3% As Ripple Hosts Annual Swell Conference in New York

The XRP price has slipped 3% in the last 24 hours, to trade at $2.51, on a 28% drop in the daily trading volume, to $7.47 billion.

That price dip comes as Ripple hosts its annual Swell Conference on November 4–5 in New York City. This two-day event brings together top leaders in finance, blockchain, and policy to discuss digital asset innovation and regulation. The conference will feature a keynote conversation between Ripple CEO Brad Garlinghouse and U.S. policymakers focusing on how clear crypto regulations can drive responsible growth.

Sessions will cover cross-border payments, tokenization, stablecoins, and institutional adoption, aligning with rising optimism around a potential XRP ETF launch. Swell has historically influenced XRP’s trend in the months following the event.

The invite-only gathering has no official live stream, though CoinDesk, the media partner, will offer partial YouTube coverage. Following its GTreasury acquisition, Ripple is expected to unveil updates on the XRP Ledger, new financial integrations, and expanded payment corridors.

Meanwhile, Ripple’s RLUSD stablecoin recently surpassed a $1 billion market cap, just a year after launch. Executive Jack McDonald called it a major achievement, citing strong institutional adoption and partnerships like Fintech Bay in Bahrain that enhance RLUSD and XRP’s global liquidity.XRP Price Analysis: Bullish Reversal Could Push XRP Toward $3.5

XRP Price Analysis: Bullish Reversal Could Push XRP Toward $3.5

XRP is showing signs of recovery after several weeks of decline within a bearish channel. The token is trading around $2.34, up 1.52% in the past 24 hours, suggesting that buying pressure may be returning to the market.

On the daily chart, XRP has been moving lower from around $3.50 since August but has now broken out of the bearish channel. This breakout hints at a possible bullish reversal, which could lift prices toward the $3.50 target if momentum continues to grow.

XRPUSDT Analysis Source: Tradingview

The price has also found strong support between $1.80 and $2.00, preventing further declines. This zone has acted as a solid base for buyers to regain control. If XRP maintains this level, the next resistance areas to watch will be $2.80 and $3.50, where sellers might attempt to slow the upward move.

The Relative Strength Index (RSI) is currently around 45, showing that selling pressure is weakening while buying interest is improving. A move above the 50 mark on the RSI would confirm stronger bullish momentum and possibly spark a larger rally.

XRP looks ready for a potential trend reversal. If the price stays above $2.50, it could climb toward $3.50 in the near term. However, a drop below $2.00 would signal that bears are still in control.