XRP is crashing today and has dropped all the way down to $2.44—which is actually its lowest level since October 24 and represents a really steep 35% decline from the yearly highs. The crash has wiped out billions from XRP’s $157 billion market cap, and traders are now desperately trying to figure out why XRP is crashing, when the rebound will actually start, and also how high XRP can go once the recovery finally begins.

Also Read: XRP Hits $9,000 for Seconds: Here’s the Truth

XRP Price Prediction, Rebound Timeline, and Why XRP Is Crashing

Why XRP Is Crashing—Fed Decision and Whale Selling

XRP crashing today comes right after the Federal Reserve cut rates by 0.25% along with their announcement that quantitative tightening will end in December. Donald Trump’s APEC meeting with Xi Jinping also went pretty well and produced some positive outcomes, but the thing is traders had already priced these developments into the markets. Right now, traders are just selling the news and basically waiting around for some fresh catalysts to emerge.

XRP futures open interest has dropped from $4.46 billion down to $4.26 billion just this week, which is way down from the $11 billion peak that the token reached a few months ago, according to data that CoinGlass compiled. Market analyst Arthur had this to say:

“Dangerous move from XRP, the storm might not be over yet… After a 200%+ bounce from the crash lows, structure is showing signs of exhaustion.”

This selling pressure reflects across the market, and XRP crashing is actually part of a broader pattern where investors take profits after the news comes out.

XRP Price Prediction Points to Further Decline

The XRP price prediction for right now remains pretty bearish as some technical indicators are flashing warning signs. XRP has formed what’s called a descending triangle pattern with support sitting at around $2.70, and the token did a break-and-retest before it continued moving lower. A death cross pattern is also forming as the 50-day and 200-day moving averages are narrowing.

Analysts are projecting that XRP will likely test the $2 support level—which would be an 18% drop from where it’s trading right now—before any meaningful XRP rebound can actually occur. The timeline for hitting this bottom could take anywhere from days to even weeks, and it really depends on how quickly the broader market sentiment ends up deteriorating further.

At the time of writing, XRP price prediction models suggest that further downside is more likely than an immediate recovery, which puts the question of how high can XRP go on hold until the technical selling exhausts itself.

When XRP Rebound Begins and How High It Can Go

Despite the fact that XRP is crashing today, there are actually several bullish catalysts that exist right now. Ripple USD stablecoin supply has jumped by 15% over the last 30 days to reach $908 million, and the number of addresses is up 27% while volume has surpassed $4 billion. The new XRP ETF has also accumulated over $113 million in assets already, and more SEC approvals are widely expected to come through before the end of the year.

Crypto analyst Zach Rector shared his timeline for the XRP rebound, stating:

“XRP November Pump Coming ✅ $5-$12 XRP by first part of December.”

For the question of how high can XRP go after it bottoms out at $2, the first target that traders are looking at is a return to $2.70—which would represent about a 35% gain from that $2 support level. Breaking above that level would then open up the path toward $3.50 and potentially even $4.00, where some resistance from previous price action still remains. The XRP rebound timeline is really going to depend on whether those ETF approvals and the continued RLUSD growth can actually offset all the technical selling pressure that’s currently weighing on the token right now.

Also Read: XRP Could Become a Trillion-Dollar Cryptocurrency by 2035

The reasons why XRP crashing has happened are pretty clear at this point—it’s a combination of profit-taking after news that traders had priced in along with some technical weakness that’s showing up on the charts. But with multiple catalysts sitting on the horizon and the strong fundamentals coming from Ripple USD growth, the question shifts from whether an XRP rebound will occur to when it will actually begin and how substantial the recovery might end up being once traders test that $2 support level.