XRP to Fall 10% to $2.50 on Liquidity Squeeze & ETF Delay
XRP price is trading around $2.75, forming a bearish descending triangle that risks an 8%–10% slide toward the $2.65–$2.45 fair value gap (FVG), especially near $2.50 where Glassnode data show concentrated holder cost bases. Ten weeks of order-book compression hint at looming volatility expansion. A close below $2.75 could trigger the drop; a break above $2.90 would negate the bearish pattern and signal a bullish reversal. Historical fractals point to an early-week sweep of the $2.50 area before a potential rebound. Market sentiment is also driven by ETF developments: Franklin Templeton’s XRP ETF decision has been delayed to November 14, while the newly launched XRPR ETF recorded $38 million in first-day volume. Traders should monitor liquidity squeeze metrics and upcoming ETF news as key drivers for XRP price’s next move.
Bearish
The descending triangle on XRP’s daily chart and ten-week liquidity compression point to an imminent 8%–10% drop toward the $2.50 area. ETF delays and sustained order-book squeeze reinforce bearish sentiment, even as strong holder cost bases at $2.45–2.55 may provide support for a rebound after the sweep. Traders should brace for increased volatility and focus on breakouts below $2.75 or above $2.90 to confirm bearish continuation or bullish reversal.