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Key takeaways:
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XRP fractal signifies a 12% to 18% rally in November.
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On-chain knowledge reveals the very best XRP withdrawal on report, boosting its bullish odds.
XRP (XRP) is on observe to finish October in the purple, slipping greater than 7.5% up to now 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 purchase and Ripple’s favorable point out of the token in its Hidden Road acquisition announcement.
These fundamentals increase XRP’s potential to proceed its rebound in November. However how excessive can the worth go? Let’s study.
XRP eyes double-digit rally in November
XRP’s newest value restoration seems to reflect a well-known fractal performed out in the primary 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 worth 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 energy index (RSI) hinting at an preliminary transfer towards $2.77, a stage aligning with the 0.382 Fibonacci retracement and the 20-day exponential transferring common (purple wave).
A detailed above $2.77 might gasoline 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 price targets $3 as whale wallet count hits new all-time highs
XRP witnesses report trade outflows
On Oct. 19 and 20, XRP’s trade internet place change fell by 2.78 million, its deepest unfavorable ranges on report, in response to Glassnode data.
The sharp decline coincided exactly with Evernorth’s announcement of its $1 billion XRP treasury buy.
As of Monday, the Ripple-associated firm had amassed over 388.71 million XRP price about $1.02 billion, in response to CryptoQuant data.
Such outflows sometimes point out robust accumulation by giant holders transferring tokens to chilly storage, decreasing fast sell-side stress.
Associated: XRP price targets $3 as whale wallet count hits new all-time highs
It reinforces the likelihood that XRP’s rebound might prolong towards the 0.5–0.618 Fibonacci vary close to $2.70 to $3.00.
XRP brief 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 response to CoinGlass knowledge.
This zone represents about $39.1 million in potential brief liquidations, marking it as a key magnet stage for value motion. It might additional result in brief squeezes, pushing the token greater towards the technical targets between $2.75 and $3.00.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.
