XRP Faces Potential Price Decline Amid Market Dynamics

According to Cointelegraph, XRP is currently navigating a critical juncture as it consolidates at the base of a descending triangle, a pattern often associated with bearish trends. The altcoin is hovering near the $2.75 support level, with persistent selling pressure threatening to push prices lower into the $2.65 to $2.45 range. This potential move could result in an 8% to 10% decline, aligning with a daily fair value gap that coincides with the 0.50–0.618 Fibonacci retracement levels. This zone may attract liquidity and serve as a potential launchpad for a bullish recovery. Onchain data further supports this technical outlook. Glassnode’s Unrealized Price Distribution (URPD) for XRP indicates a dense cluster of buyers between $2.45 and $2.55, suggesting a strong cost basis for many holders within this range. If the price revisits this pocket, buyers might defend the level aggressively, creating conditions conducive to a rebound. XRP's behavior remains consistent with its fractal pattern from the first quarter, having tested the $2.65 mark twice. Historical structures suggest a possible sweep below this level into the liquid-heavy fair value gap before a sustainable rally. However, while historical fractals offer insights, they do not guarantee an exact repeat of price behavior, and the market may diverge from its prior structure. Market researcher Sistine Research has noted that XRP could be approaching a significant expansion phase in the coming months. The analysis highlights that XRP’s narrow price action over the past 10 weeks is compressing its order book into a tighter range, leaving larger gaps between levels. This compression phase, the third since the U.S. elections in November 2024, is the tightest yet, built on three consecutively higher price points. Such conditions have historically preceded sharp breakouts when a liquidity build-up is released. Crypto analyst Pelin Ay added that spot market flows reveal an ongoing battle between buyers and sellers, with the 90-day spot taker CVD showing sellers in control despite brief buyer strength earlier in 2025. Sustained upside would require a decisive volume shift from buyers, which has yet to materialize. Meanwhile, ETF news is influencing market sentiment. Franklin Templeton’s XRP ETF decision has been postponed to November 14, while REX/Osprey’s XRPR debuted with nearly $38 million in first-day volume. Analysts caution that optimism may already be partially priced in, raising the risk for "sell the news" outcomes. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.