Rebecca Cruz XRP faces another 10% dip as price stalls near $2.75 support. Onchain data shows buyers clustered around $2.50, raising questions on when bulls will step in.
The XRP price is once again at a make-or-break level, with traders watching closely as the token hovers around $2.75. With selling pressure persisting and liquidity compression building, analysts warn that XRP faces another 10% dip before bulls can mount a meaningful comeback. The looming question for the community is simple: will buyers step in soon, or does the market have one more flush to endure?
XRP Faces Another 10% Dip: The Technical Setup
XRP has been consolidating at the base of a descending triangle, a pattern that often carries bearish implications. Price action has hovered stubbornly at $2.75, but sustained downside pressure could drag the token further toward $2.65—and potentially to $2.50.
This projected decline aligns with a daily fair value gap (FVG) that overlaps with the 0.50–0.618 Fibonacci retracement levels, creating a confluence zone of interest. Historically, these zones act as liquidity magnets, attracting both sellers looking to close positions and opportunistic buyers eyeing discounts.
A decisive sweep into this pocket could serve as the final washout before a relief rally, particularly if buyers defend the $2.45–$2.55 cluster.
Onchain Data Points to Bullish Défense
Glassnode’s Unrealized Price Distribution (URPD) data supports this technical outlook. According to onchain flows, a dense layer of buyers accumulated XRP within the $2.45–$2.55 range. This cluster acts as a strong cost basis, implying that holders in this band may aggressively protect their positions if the price retests the zone.
This setup creates a scenario where XRP could experience a short-term dip into liquidity-rich levels followed by a swift rebound—mirroring patterns observed earlier this year.
XRP Fractals: History Rhyming Once Again
XRP’s current behaviour draws comparisons to its Q1 price structure. At that time, the token repeatedly tested $2.65 before ultimately dipping into lower liquidity pockets, only to rebound with vigour.
Interestingly, similar weakness is reappearing into the weekend, with analysts suggesting a potential sweep to $2.50 as early as Monday. Such weekend slowdowns followed by early-week volatility have become a recurring theme for XRP, lending weight to this fractal comparison.
Still, traders should exercise caution: while historical rhymes can guide expectations, they are far from guarantees in a market driven by ever-shifting liquidity dynamics.
Liquidity Compression Signals a Bigger Move
Beyond immediate price levels, market researchers are noting a bigger story—liquidity compression. According to Sistine Research, XRP is now in its third compression phase since November 2024, with order books narrowing and price action tightening.
This phase is particularly significant as it is building on three higher lows, a structure that has historically preceded sharp expansions. When compressed liquidity eventually breaks, the move tends to be decisive—either triggering a powerful breakout or fueling a deeper correction.
For now, the 90-day spot taker CVD (cumulative volume delta) shows sellers maintaining control, suggesting bulls will need a strong surge of volume to turn the tide.
ETF Catalysts Add to the Uncertainty
One of the most closely watched catalysts for XRP remains the ETF landscape. Franklin Templeton’s XRP ETF decision, delayed to November 14, continues to hang over the market. Meanwhile, REX/Osprey’s newly launched XRPR ETF made waves with nearly $38 million in day-one trading volume.
However, traders are split on whether this excitement is already priced in. A “sell the news” reaction remains a risk, particularly if the broader crypto market fails to sustain momentum. ETFs could provide the fuel for expansion, but without fresh liquidity inflows, XRP may still struggle in the short term.
The Road Ahead: Will Bulls Step In?
The next few sessions will be crucial for XRP. A clean retest of the $2.50–$2.45 zone could ignite a defense from long-term holders, sparking the kind of rebound traders have been anticipating. Yet, without confirmation of strong buyer volume, XRP risks drifting lower before any sustained recovery.
The balance of probabilities suggests that XRP faces another 10% dip before finding stable ground. But paradoxically, this flush may be exactly what the market needs—flushing out weak hands and providing stronger footing for bulls to launch the next rally.
Final Thoughts
XRP remains one of the most closely tracked altcoins, with technical patterns, onchain signals, and ETF catalysts all colliding to create a tense setup. While the risk of another 10% dip is real, the $2.50 support band may also become the stage for an aggressive bullish defence.
For traders, the message is clear: volatility lies ahead. Whether XRP collapses into liquidity pockets or springs back with force, the coming weeks could determine whether this altcoin finally breaks out of compression—or remains trapped in sideways grind.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
