XRP continues to struggle in a bearish market, down 34% from its highest point this year. It is nearing the formation of a death cross pattern on the daily chart, which is often seen as a bearish indicator, suggesting further declines. The last time this pattern appeared, XRP fell by 65%.
As of October 23, 2025, XRP was priced at $2.4137, remaining within a narrow range it has been stuck in for some time. This price behavior mirrors the trend of many altcoins, which experienced a sharp drop on October 11, followed by a brief recovery and subsequent consolidation.
Despite solid fundamentals, XRP’s price has faced challenges. For instance, the newly launched XRP ETF has already surpassed $100 million in assets within its first month, and the Teucrium XRP ETF holds over $314 million, showing resilience amid market downturns. Additionally, the XRP Ledger’s real-world asset ecosystem has seen a 5% growth over the past month, reaching $362 million. Ripple has also made significant headway in the stablecoin market, with Ripple USD approaching a $1 billion market cap.
Risks to XRP’s Price
However, several factors could hinder XRP’s price recovery. One major issue is insider selling, with co-founder Chris Larsen offloading over $700 million in tokens recently. Additionally, the XRP burn rate has stalled, with fewer transactions on the network.
Moreover, the narrowing gap between the 50-day and 200-day Exponential Moving Averages suggests the potential for a death cross formation. The last time this happened, in December 2021, XRP dropped by 65%, from $0.8320 to a low of $0.2797.
If a death cross forms again, there is a significant risk that XRP’s price could continue to decline, potentially reaching a year-to-date low of $1.3766, a 43% drop from current levels.
