Xrp Price Slips Despite Ripple’s Bullish Swell Announcements: Is $2...

XRP price charts confirm a bear flag breakdown as a death cross looms, signaling potential continuation of its downtrend toward key support levels near $1.65.

XRP fell over 9% after Ripple’s Swell event, extending its November losing streak.

A bear flag breakdown and looming death cross point to a possible drop toward $1.65.

XRP (XRP) has fallen sharply in the hours since Ripple’s flagship Swell conference, erasing much of the short-lived rally seen during the event itself.

After peaking near $2.40 on Nov. 5, XRP has since dropped by over 9%, slipping to $2.19 despite Ripple’s high-profile announcements.

This year’s Swell, held Nov. 4–5 in New York, saw the company unveiling a $500 million funding round led by Citadel Securities and Fortress Investment Group, detailing new integrations for its RLUSD stablecoin, and teasing a decentralized lending protocol on the XRP Ledger (XRPL).

Yet, XRP’s price has declined once again, reflecting the familiar “buy the rumor, sell the news” dynamic that has often followed Ripple’s annual showcase.

Related: XRP whales cap selling as wallet growth hits 8-month high

In fact, for four of the past five years since 2020, XRP has posted negative returns between the Swell event (vertical blue lines in the chart below) and year-end, suggesting the hype consistently fades faster than the headlines.

Moreover, Bitcoin’s brief drop below $100,000 amid equity market weakness and US liquidity tightening has cooled sentiment across altcoins, including XRP.

Source: CoinTelegraph