XRP price keeps losing ground despite upcoming Ripple Swell event
Cointelegraph
XRP's price fell 7.5% this week, ignoring the historically bullish anticipation surrounding the upcoming Ripple Swell conference.Summary
Despite the highly anticipated Ripple Swell 2025 event, which features key figures from US policy and traditional finance like White House advisor Patrick Witt and executives from BlackRock and Nasdaq, the XRP price has dropped 7.5% this week, continuing its downtrend. Historically, Swell events have often preceded significant XRP price rallies, such as the 50% climb before the 2018 conference. However, this year, XRP remains muted below $3, trading at $2.49 after testing support at $2.37. Technical indicators suggest further downside risk, with a rounding top pattern projecting a potential 16% drop to $2.09 if the $2.37 support level fails, as key moving averages act as resistance.
(Source：Cointelegraph)