XRP has been trading between $2.3 and $2.5 for the past two weeks following a significant liquidation event on October 10, 2025. Analyst Blockchain Backer warns that this pattern could lead to a price correction, citing historical trends of bull traps followed by declines. The broader crypto market experienced $19 trillion in liquidations, with XRP alone accounting for over $600 million. Despite recently breaking above a descending trendline to reach $2.63, Blockchain Backer suggests XRP might slump after reaching highs of $2.6 or $2.8 to $2.9. This mirrors a pattern from February 2025, where XRP rose to $2.7 before falling to $1.98, indicating potential volatility ahead.