Key takeaways:
XRP fractal signifies a 12% to 18% rally in November.
On-chain knowledge reveals the very best XRP withdrawal on document, boosting its bullish odds.
XRP (XRP) is on monitor to finish October within the pink, slipping greater than 7.5% to this point this month regardless of a dramatic 109% rebound from its mid-October lows.
The restoration got here amid bullish developments, together with Evernorth’s $1 billion XRP treasury buy and Ripple’s favorable point out of the token in its Hidden Highway acquisition announcement.
These fundamentals increase XRP’s potential to proceed its rebound in November. However how excessive can the value go? Let’s look at.
XRP eyes double-digit rally in November
XRP’s newest value restoration seems to reflect a well-recognized fractal performed out within the first half of 2025.
In April and June, the cryptocurrency bounced from its long-term ascending trendline assist, a zone that acted as an accumulation space for merchants.
The April rebound propelled XRP value towards the 0.5 to 0.618 Fibonacci retracement vary drawn from the prevailing cycle’s swing excessive to swing low. This zone aligned with the $3.20 to $3.40 space.
In the meantime, the June rebound noticed the value rally towards the Fibonacci cycle’s swing excessive close to $3.30 afterward, and even surpassing it to determine a multiyear excessive at round $3.66.
This fractal could repeat in November, with a impartial relative power index (RSI) hinting at an preliminary transfer towards $2.77, a stage aligning with the 0.382 Fibonacci retracement and the 20-day exponential shifting common (pink wave).
An in depth above $2.77 may gas an April-like bullish momentum, focusing on the 0.5–0.618 Fib zone at $2.75 to $3.00 in November, amounting to a possible 12% to 18% rally.
Associated: XRP value targets $3 as whale pockets rely hits new all-time highs
XRP witnesses document trade outflows
On Oct. 19 and 20, XRP’s trade web place change fell by 2.78 million, its deepest adverse ranges on document, in line with Glassnode knowledge.
The sharp decline coincided exactly with Evernorth’s announcement of its $1 billion XRP treasury buy.
As of Monday, the Ripple-associated firm had collected over 388.71 million XRP price about $1.02 billion, in line with CryptoQuant knowledge.
Such outflows usually point out sturdy accumulation by giant holders shifting tokens to chilly storage, decreasing quick sell-side strain.
Associated: XRP value targets $3 as whale pockets rely hits new all-time highs
It reinforces the chance that XRP’s rebound may prolong towards the 0.5–0.618 Fibonacci vary close to $2.70 to $3.00.
XRP quick liquidations can result in a breakout above $2.68
XRP’s largest near-term liquidity cluster sits round $2.68, the place roughly $15.91 million in leveraged positions are in danger, in line with CoinGlass knowledge.
This zone represents about $39.1 million in potential quick liquidations, marking it as a key magnet stage for value motion. It may additional result in quick squeezes, pushing the token increased towards the technical targets between $2.75 and $3.00.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.
