The cryptocurrency has experienced notable swings in recent weeks, influenced by both market trends and regulatory developments. With Ripple’s recent initiatives and growing institutional interest, XRP may be positioned for a strong recovery toward the $5 mark.

XRP Maintains Critical Support Amid Market Fluctuations

XRP has recently stabilized near the $2 mark after a period of heightened volatility in the cryptocurrency market. Analysts and traders have noted that this level has acted as a strong horizontal support, preventing further declines and positioning the digital asset for a potential recovery. As of November 5, 2025, the XRP price today hovers around $2.22, following a rebound from its recent dip.

$XRP is expected to hold strong support around the $2 level. Source: Ali Martinez via X

Crypto analyst @ali_charts confirmed their October 31 prediction that XRP would find support at $2, a forecast that has now materialized. The chart from TradingView shows XRP’s daily price action on Binance, highlighting the $2 support level amid a broader downtrend from summer highs near $3.

“This support line has historically held during 20-30% corrections,” the analyst noted. “The current dip provides more clarity and may pave the way for a significant upside.”

Ripple Prime Launch Sparks Institutional Interest

In addition to technical support, Ripple XRP news highlights the launch of Ripple Prime, a new U.S.-focused crypto exchange that facilitates spot trading for institutional clients. The platform resulted from Ripple’s acquisition of Hidden Road and now enables over-the-counter (OTC) trading for large-scale investors.

Ripple Prime officially launches in the U.S., offering clients OTC spot trading for major digital assets and stablecoins, including $XRP and $RLUSD ($1.00). Source: Ripple via X

Trading volumes on XRP have leaped, almost doubling to $8 billion—or about 6% of XRP’s circulating supply. Such liquidity may solidify xrp price prediction for 2025 by giving the token a basis to recover toward $5, some analysts say.

Technical Analysis: Harmonic Patterns Signal Upside Potential

Although it has recently declined, technical indicators are showing a bullish scenario. XRP seems to form a bearish Bat harmonic pattern on the daily chart, hence a structure that normally forms in front of a potential reversal. The point C of this pattern, around $2.2285, has acted as a support, while the 200-day moving average, near $2.6235, is a key resistance.

The recent dip clarifies XRP’s weekly Elliott Wave pattern: Wave II is ending, and while a Wave 5 downside may form, it’s likely truncated and won’t break Wave 3’s low. Source: abdulahalkasid on TradingView

If XRP maintains its position above Point C and continues to gain momentum, it may move toward the potential reversal zone between $2.99 and $3.10. This setup indicates a near-term upside potential of approximately 34% from current levels, reinforcing the optimistic outlook for XRP price forecasts.

Market Scenarios

Analysts believe the price action of XRP will be determined by how the cryptocurrency behaves at its present support levels. If the token holds its current position above $2 and consolidates for a strong upward move, technical forecasts place the price closer to $5 in the next few months, backed by Elliott Wave patterns pointing toward the upside.

XRP was trading at around 2.25, down 1.13% in the last 24 hours at press time. Source: Brave New Coin

Failure to do so could mean a deeper pullback toward $1.60, though analysts consider this less probable given the prevailing market conditions. The neutral scenario is that XRP might consolidate between $2 and $2.50 before breaking out, establishing a very solid foundation for future gains. Analysts emphasize the importance of keeping a close eye on both technical indicators and macro market developments in light of ongoing regulatory updates that shape investor sentiment.

Regulatory Developments and Market Sentiment

Other influences on XRP’s recent volatility have included regulatory updates, such as developments regarding the XRP SEC lawsuit. The resolution of some of these regulatory uncertainties has increased investor confidence and helped stabilize XRP.

This, combined with the possible approval of ETFs and continued institutional adoption, paints a bright outlook for XRP.

Final Thoughts

With XRP changing hands above the key support of $2 and growing institutional interest in the digital asset, the token seems well-positioned for a rally toward $5.

Market participants should continue to keep a close eye on the ongoing behavior of technical indicators, market sentiment, and regulatory developments that will materialize the price predictions of XRP for 2025.