The
The drop followed sharp criticism from Vibhu Norby, director of the Solana Foundation, who called XRP a “mediocre token” that was “outclassed” by Solana (SOL) in terms of speed, scalability and developer adoption.
I want Ripple and XRP to succeed to an insane degree so that the entire industry moves forward.
But the fact is that the community does not dispute the facts, even though the data is readily available. And as an experienced engineer and seeker of truth, that bothers me.
It’s totally… pic.twitter.com/2U6tOmG8sI
— vibhu (@vibhu) November 1, 2025
The comments reignited the rivalry between the two blockchain communities, with XRP supporters highlighting Ripple’s growing role in cross-border payments and institutional partnerships.
Analysts say the criticism may have fueled short-term selling pressure, although long-term sentiment remains mixed as the networks battle for dominance in real-world financial applications.
This comes as Nate Geraci, the president of The ETF Store, said he expects the launch of the first spot XRP ETF (exchange-traded fund) in the next two weeks.
Sometime in the next two weeks I expect the launch of the first spot XRP ETFs…
SEC had opened a case against Ripple for the past five years, until three months ago.
IMO, the launch of spot XRP ETFs represents the final nail in the coffin of previous anti-crypto regulators.
I’ve come a *LONG* way.
— Nate Geraci (@NateGeraci) November 3, 2025
XRP price on an ongoing bearish trend
After trading in the $2 range from April to July, the XRP price entered a parabolic rally and reached a new all-time high (ATH) around $3.65.
The increase was amplified by the formation of a golden cross, with the 50-day Simple Moving Average (SMA) moving above the 200-day SMA.
However, the Ripple token bulls took full control of the price, sending it into a clearly defined descending channel.
As a result of this decline, the price of XRP ultimately fell below both the 50-day and 200-day SMAs, confirming the overall bullish trend.
Meanwhile, the Relative Strength Index (RSI) is signaling a sell-off as it has fallen below the 50 center line, currently at 41. If the RSI continues this uptrend, bears could regain control of the price, pushing it to oversold levels around 30.
Additionally, the 50-day SMA is closer to the 200-day SMA. If they cross, the SMAs can form a death cross, which in turn can cause the price to drop even further.
Ripple Token Price Set for an 18% Drop
Based on the current XRP/USD chart, the short-term price outlook of the Ripple token is bearish. The formation of a possible death cross usually indicates continued downward momentum.
The price of the Ripple token remains within a descending channel pattern, indicating continued selling pressure.
If bearish momentum continues, XRP could retest the support zone around $1.95, marking a decline of around 18% from current levels.
According to crypto analyst Ali Martinez, the XRP price could rise to $2.25.
$XRP show signs of weakness. A $2.25 retest could be next! pic.twitter.com/RMYX15hbRt
— Ali (@ali_charts) November 2, 2025
A sustained close below $2.20 could confirm a further downtrend, while a breakout above the upper channel line near $2.70 could negate the bearish outlook and signal a recovery towards $3.00.
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