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The XRP price plunged 5% over the past 24 hours to $2.41 as of 3:44 a.m. EST even as trading volume surged 80% to $3.1 billion.
The drop followed sharp criticism from Solana Foundation executive Vibhu Norby, who called XRP a “mediocre token” that has been “outclassed” by Solana (SOL) in speed, scalability, and developer adoption.
I want Ripple and XRP to succeed at an insane degree such that the entire industry moves forward.
But the fact is that the community does not argue with facts, even though the data is readily available. And as a longtime engineer and truth seeker, that bothers me.
It is totally… pic.twitter.com/2U6tOmG8sI
— vibhu (@vibhu) November 1, 2025
The comments reignited rivalry between the two blockchain communities, with XRP supporters emphasizing Ripple’s expanding role in cross-border payments and institutional partnerships.
Analysts said the criticism may have fueled short-term selling pressure, though long-term sentiment remains mixed as the networks vie for dominance in real-world financial applications.
This comes as Nate Geraci, the president of The ETF Store, said he expects the launch of the first spot XRP ETF (exchange-traded fund) in the next two weeks.
Sometime in next two weeks, I expect launch of first spot xrp ETFs…
SEC had open litigation against Ripple for past five years, up until three months ago.
IMO, launch of spot xrp ETFs represents final nail in coffin of previous anti-crypto regulators.
Have come a *LONG* way.
— Nate Geraci (@NateGeraci) November 3, 2025
XRP Price On A Sustained Bearish Trend
After trading in the $2 range from April to July, the XRP price entered a parabolic rally, reaching a new all-time high (ATH) around $3.65.
The surge was cemented by the formation of a golden cross, with the 50-day Simple Moving Average (SMA) crossing above the 200-day SMA.
However, the Ripple token bulls took full control of the price, driving it into a well-defined falling channel.
As a result of this drop, the price of XRP has finally fallen below both the 50-day and 200-day SMAs, confirming the overall bullish trend.
Meanwhile, the Relative Strength Index (RSI) is signaling a selloff, as it has fallen below the 50-midline, currently at 41. If the RSI sustains this uptrend, bears could regain control of the price, driving it to oversold levels around 30.
Moreover, the 50-day SMA is moving closer to the 200-day SMA. If they cross each other, the SMAs could form a death cross, which could in turn cause the price to fall even further.
Ripple Token Price Set Up For An 18% Drop
Based on the current XRP/USD chart, the Ripple token price outlook leans bearish in the short term. The formation of a possible death cross typically signals continued downward momentum.
The price of the Ripple token remains within a falling channel pattern, suggesting persistent selling pressure.
If bearish momentum continues, XRP could retest the support zone around $1.95, representing an approximate 18% decline from current levels.
According to crypto analyst Ali Martinez, the XRP price could be on a move to $2.25.
$XRP showing signs of weakness. A retest of $2.25 might be next! pic.twitter.com/RMYX15hbRt
— Ali (@ali_charts) November 2, 2025
A sustained close below $2.20 may confirm further downside, while a breakout above the upper channel line near $2.70 could invalidate the bearish outlook and hint at a recovery toward $3.00.
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