XRP Value Drops 5% After Solana Exec Calls It ‘Mediocre’

The XRP value plunged 5% over the previous 24 hours to $2.41 as of three:44 a.m. EST whilst buying and selling quantity surged 80% to $3.1 billion.

The drop adopted sharp criticism from  Solana Basis govt Vibhu Norby, who referred to as XRP a “mediocre token” that has been “outclassed” by Solana (SOL) in pace, scalability, and developer adoption.

I need Ripple and XRP to succeed at an insane diploma such that the complete trade strikes ahead.

However the reality is that the neighborhood doesn’t argue with details, though the info is available. And as a longtime engineer and reality seeker, that bothers me.

It’s completely… pic.twitter.com/2U6tOmG8sI

— vibhu (@vibhu) November 1, 2025

The feedback reignited rivalry between the 2 blockchain communities, with XRP supporters emphasizing Ripple’s increasing position in cross-border funds and institutional partnerships.

Analysts mentioned the criticism might have fueled short-term promoting strain, although long-term sentiment stays blended because the networks vie for dominance in real-world monetary functions.

This comes as Nate Geraci, the president of The ETF Retailer, mentioned he expects the launch of the primary spot XRP ETF (exchange-traded fund) within the subsequent two weeks.

Someday in subsequent two weeks, I count on launch of first spot xrp ETFs…

SEC had open litigation towards Ripple for previous 5 years, up till three months in the past.

IMO, launch of spot xrp ETFs represents closing nail in coffin of earlier anti-crypto regulators.

Have come a *LONG* means.

— Nate Geraci (@NateGeraci) November 3, 2025

XRP Value On A Sustained Bearish Development

After buying and selling within the $2 vary from April to July, the XRP value entered a parabolic rally, reaching a brand new all-time excessive (ATH) round $3.65.

The surge was cemented by the formation of a golden cross, with the 50-day Easy Transferring Common (SMA) crossing above the 200-day SMA.

Nonetheless, the Ripple token bulls took full management of the value, driving it right into a well-defined falling channel.

On account of this drop, the value of XRP has lastly fallen beneath each the 50-day and 200-day SMAs, confirming the general bullish development.

In the meantime, the Relative Energy Index (RSI) is signaling a selloff, because it has fallen beneath the 50-midline, presently at 41. If the RSI sustains this uptrend, bears may regain management of the value, driving it to oversold ranges round 30.

Furthermore, the 50-day SMA is shifting nearer to the 200-day SMA. In the event that they cross one another, the SMAs may type a loss of life cross, which may in flip trigger the value to fall even additional.

Ripple Token Value Set Up For An 18% Drop

Primarily based on the present XRP/USD chart, the Ripple token value outlook leans bearish within the brief time period. The formation of a attainable loss of life cross sometimes alerts continued downward momentum.

The worth of the Ripple token stays inside a falling channel sample, suggesting persistent promoting strain.

If bearish momentum continues, XRP may retest the help zone round $1.95, representing an approximate 18% decline from present ranges.

In accordance with crypto analyst Ali Martinez, the XRP value may very well be on a transfer to $2.25.

$XRP exhibiting indicators of weak spot. A retest of $2.25 is likely to be subsequent! pic.twitter.com/RMYX15hbRt

— Ali (@ali_charts) November 2, 2025

A sustained shut beneath $2.20 might affirm additional draw back, whereas a breakout above the higher channel line close to $2.70 may invalidate the bearish outlook and trace at a restoration towards $3.00.

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