XRP's price fell nearly 8% on October 31, 2025, breaching a key support level amid hawkish Federal Reserve comments and broader cryptocurrency market declines. The token dropped from around $2.65 to $2.48, accompanied by unusually high trading volume. This breakdown highlights ongoing volatility in the crypto sector.
On October 31, 2025, XRP experienced a sharp decline of approximately 6.4% to 8% during the trading session, sliding from about $2.65 to $2.48. This movement breached the critical $2.46 support level, which had held during a month-long consolidation period. The drop was triggered by a combination of macroeconomic pressures and technical factors.
The broader cryptocurrency market reacted negatively to hawkish signals from the Federal Reserve, even as U.S.-China trade prospects showed some improvement. Bitcoin's weakness, falling under $107,000, exacerbated the selling pressure on XRP. Institutional selling intensified, leading to two waves of aggressive declines, with the final leg occurring on minimal volume, suggesting exhaustion and potential exits by large holders.
Trading volume spiked dramatically, peaking at around 392.6 million tokens—nearly 400% of the daily average. This outsized activity confirmed a bearish breakdown from an ascending consolidation pattern. Technical indicators, including RSI and MACD, signaled weakening momentum and a sell scenario, with the former $2.46 support now acting as resistance.
Traders are advised to watch resistance near $2.46–$2.50 for any relief rally. If current supports fail, downside targets could reach $2.30–$2.40. On-chain whale flows and futures open interest may provide further insights into structural risks, though macro developments like regulatory news could prompt rebounds. The event underscores caution in the current market environment, where bears hold the advantage until support rebuilds.