XRP could crash to $2 after losing $25 billion in market cap

XRP is on an overall downward path this week, which culminated in the early hours on Wednesday, November 5, when the price crashed towards $2. The cryptocurrency had been showing signs of weakness from a technical perspective since the end of October, with a descending pattern characterized by lower highs and lower ￰1￱ such as Ali Martinez noted on November 5 the bearish momentum when the token slipped beneath key mid-range resistance around $2.60, predicting that selling pressure could send the price toward $2. $2! ✔️ ￰0￱ — Ali (@ali_charts) November 5, 2025 While the asset has managed to recover somewhat, trading at $2.23 at press time, the price is still down over 15.5% on the weekly chart, and a lot of risk still lingers as another break below $2 could open the door to a deeper slide toward roughly $1.90.

What’s more, when the price crashed, XRP’s market cap also sank to just south of $127 billion, down by as much as $25 billion from Monday’s highs of approximately $152 ￰2￱ price and market cap.) at $2.60. At the same time, the moving average convergence divergence ( MACD ) histogram has gone negative, reinforcing the bearish rotation. Likewise, the short-term relative strength index ( RSI ) at 24.84 implies the market is deep in “oversold” ￰3￱ image via Shutterstock