XRP Slumps to $2.19 After Ripple’s Swell Conference Despite Major Announcements

XRP has fallen sharply following Ripple’s annual Swell conference, erasing much of the brief rally seen during the ￰0￱ reaching highs near $2.40 on November 5, XRP dropped over 9% to $2.19, despite several major announcements by Ripple, including a $500 million funding round led by Citadel Securities and Fortress Investment ￰1￱ company also unveiled new integrations for its RLUSD stablecoin and hinted at a decentralized lending protocol on the XRP Ledger (XRPL). “Buy the Rumor, Sell the News” Trend Persists The decline reflects a familiar pattern where XRP tends to fall after Ripple’s flagship event — a trend observed in four of the past five years.

Historically, XRP has posted negative returns between the Swell conference and year-end, as investor excitement fades following the ￰2￱ Indicators Signal Further Downside The broader crypto market’s pullback, including Bitcoin’s dip below $100,000, has also weighed on altcoin sentiment. Technically, XRP’s recent price action has confirmed a bearish “flag” pattern, compounded by an impending death cross — when the 50-period exponential moving average drops below the 200-period ￰3￱ setup suggests the potential for XRP to fall toward the $1.65–$1.70 range, aligning with previous support levels from April.