XRP's price is experiencing a slight downturn despite positive announcements from Ripple's Swell conference, leaving investors to wonder if the $2 mark will hold. As of November 6, 2025, XRP is trading around $2.25, a decrease of over 5% in the last 24 hours. This dip occurs even as Ripple revealed a $500 million funding round, a partnership with Mastercard and Gemini, and plans for its RLUSD stablecoin.
Swell Conference Highlights and Market Reaction
Ripple's Swell conference, held in New York on November 4-5, brought together industry leaders to discuss the future of digital payments. Key announcements included progress on Ripple's RLUSD stablecoin, partnerships with major exchanges, and discussions around XRP spot ETFs. Ripple CEO Brad Garlinghouse expressed his intent to build trust, utility, and liquidity on XRP and hinted at a potential price rally following spot ETF approval.
However, the market's reaction has been mixed. While some analysts predicted a price surge leading up to the event, others, like crypto commentator Digital Asset Investor (DAI), believed Swell historically has not directly impacted XRP's price. Some experts suggest that only a major development, such as BlackRock launching an XRP ETF, could significantly move the market.
Despite the lack of immediate price movement, Ripple's Swell 2025 conference may have been one of the most important events in the digital asset industry's relationship with Wall Street. Maxwell Stein, from BlackRock's digital assets team, stated that the market is ready for large-scale blockchain adoption and that Ripple's infrastructure could soon facilitate trillions of dollars on-chain. He praised Ripple and other early builders for proving that blockchain works as real financial infrastructure.
Factors Influencing XRP Price
Several factors are currently influencing XRP's price. Bitcoin's recent struggles, including net outflows from BTC spot ETFs and weaker-than-expected US labor market data, have created a bearish sentiment across the crypto market, dragging XRP down with it. Technical analysis indicates that XRP is trading below its 50-day and 200-day Exponential Moving Averages (EMAs), signaling further potential losses.
However, there are also positive indicators. XRP wallet creation has surged to an eight-month high, suggesting rising investor interest ahead of the expected XRP spot ETF launches. Institutional interest in Ripple's ecosystem remains strong, as evidenced by the $500 million investment from major firms.
Expert Analysis and Price Predictions
Analysts' opinions on XRP's future price vary. Some believe the current correction is not yet complete and that XRP may retest the $2.05 level. Others remain bullish, with some projecting that XRP could reach a new all-time high around $10, or even higher.
Changelly suggests XRP could reach as high as $115 by December 2034, while Telegaon offers a more conservative outlook of $87 per coin by 2035. CoinCodex forecasts that XRP could trade between $2.15 and $2.49 in 2026.
Is $2 Next?
Whether XRP will maintain its position above $2 remains uncertain. Technical analysis suggests that a break below $2.21 could expose the $2.0 psychological support level. However, positive developments, such as the launch of XRP spot ETFs and continued institutional support, could drive the price higher.
Ultimately, XRP's price will depend on a combination of factors, including overall market sentiment, regulatory clarity, and the success of Ripple's initiatives. While the recent price dip may be concerning to some investors, others see it as an opportunity to accumulate XRP at a lower price, banking on its long-term potential.
