On October 31, 2025, XRP took a significant hit, dropping 5% to break below the crucial $2.50 support level and trade around $2.47. This wasn’t just a minor dip; the breakdown confirmed a decisive shift in market structure following weeks of consolidation, pushing the token into a deeper corrective phase.
A Closer Look at the Sell-Off
The day’s decline was marked by a slide from $2.60 down to $2.47, making it one of the largest single-day drops for XRP this month. The breach of the $2.50 level acted as a trigger, setting off a wave of algorithmic and institutional selling. This was clearly visible in the trading volume, which jumped to 169 million tokens—a 158% increase compared to the 24-hour average, confirming that larger players were driving the sell-off.
This bearish move stands in contrast to the broader cryptocurrency market, which showed some strength, suggesting that investors may be rotating away from altcoins like XRP as risk appetite cools. The breakdown also solidified $2.60 as a strong overhead resistance level, a point that had repeatedly capped upward momentum in recent weeks.
Technical Perspective and Trader Outlook
From a technical standpoint, the breakdown reinforces a pattern of lower highs and lower lows that began after XRP failed to retest the $2.60 resistance. Key momentum indicators have shifted into neutral-to-bearish territory, putting the immediate technical support focus on the $2.40–$2.42 area. A daily close below this band could open the door for further declines toward $2.30–$2.33.
For traders, the most critical level to watch now is whether the $2.43–$2.46 range can evolve into a stable base to stop the bleeding. A sustained recovery and close above $2.50 would be necessary to neutralize the short-term bearish momentum. Until then, any rallies are likely to face selling pressure from those looking to exit positions or take short-term profits.
This drop highlights how quickly sentiment can shift when key technical levels give way. With the bears in control, the market’s next move will depend on whether it can find a new footing or if the slide continues.
