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Breaking News: OG Bitcoin Whales Dumping Assets: Chart Reveals Significant Sell-Off Activity
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Breaking News: OG Bitcoin Whales Dumping Assets: Chart Reveals Significant Sell-Off Activity

Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced

Scott Matherson
Scott Matherson
Last Updated: November 4, 2025 11:00 am
3 mins read
XRP

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Crypto analyst Tony Severino has revealed a rare chart formation, which presents a bearish outlook for the XRP price. This comes amid a market downtrend, with concerns that XRP may have topped in this market cycle. 

Rare Chart Pattern That Sparked 87% XRP Price Crash Resurfaces 

In an X post, Severino revealed that the XRP monthly LMACD has crossed bearish for the third time ever. He noted that the past two bearish crossovers resulted in an 87% and 71% drawdown after the signal fired. The analyst added that this signal, this time around, is still unconfirmed. As such, he remarked that bulls must push the XRP price much higher this month or they risk seeing the signal being confirmed. 

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XRP

Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced

4 days ago

Severino’s analysis comes amid a crypto market downtrend, which has pushed the XRP price lower. The altcoin is now at risk of dropping below the psychological $2 level, a level that it fell below during the $19 billion liquidation event in October. Notably, crypto analyst CasiTrades had earlier predicted that XRP could still drop to as low as $1.4 before it bottoms. 

XRP
Source: Chart from Tony Severino on X

The analyst is confident that such a crash for the XRP price is the perfect buy-the-dip opportunity as she expects the altcoin to still rally to a new all-time high (ATH), potentially reaching as high as $10. From a fundamentals perspective, there are also positives for XRP, which could spark a significant rebound. 

Canary Capital’s spot XRP ETF is on course to launch on November 13, while Grayscale and Bitwise have also amended their filings, meaning they could launch soon. Ripple also just launched a crypto prime brokerage in the U.S. to offer OTC trading for XRP, RLUSD, and other crypto assets. 

A Breakout For XRP On The Horizon

Crypto analyst Ether has indicated that the XRP price is primed to break above the resistance level at $3.1 soon enough. He stated that the current resistance is bound to break with the altcoin’s price accumulating over the major support at $1.9. The analyst explained that each test weakens the sellers’ defense while supply gets absorbed, liquidity thins out, and the market builds pressure. 

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High Liquidity At This Level Could Send The XRP Price Surging Soon

1 week ago

Furthermore, Ether noted that steady accumulation above strong support shows that the buyers are quietly taking control and that energy is being stored for an explosive move. In line with this, he declared that the XRP price breakout is no longer a question of if but when. In the meantime, CasiTrades stated that XRP is eyeing the $2.04 and $1.72 supports as part of the final wave to the downside. 

At the time of writing, the XRP price is trading at around $2.2, down over 6% in the last 24 hours, according to data from CoinMarketCap.

XRP
XRP trading at $2.26 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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