How high can XRP price go in November?

6 days ago

Key takeaways:

XRP fractal indicates a 12% to 18% rally successful November.
On-chain information reveals the highest XRP withdrawal connected record, boosting its bullish odds.

XRP (XRP) is connected way to extremity October successful the red, slipping much than 7.5% truthful acold this period contempt a melodramatic 109% rebound from its mid-October lows.

The betterment came amid bullish developments, including Evernorth’s $1 cardinal XRP treasury purchase and Ripple’s favorable notation of the token successful its Hidden Road acquisition announcement.

These fundamentals boost XRP’s imaginable to proceed its rebound successful November. But however precocious tin the terms go? Let’s examine.

XRP eyes double-digit rally successful November

XRP’s latest terms betterment appears to reflector a acquainted fractal played retired successful the archetypal fractional of 2025.

In April and June, the cryptocurrency bounced from its semipermanent ascending trendline support, a portion that acted arsenic an accumulation country for traders.

The April rebound propelled XRP terms toward the 0.5 to 0.618 Fibonacci retracement scope drawn from the prevailing cycle’s plaything precocious to plaything low. This portion aligned with the $3.20 to $3.40 area.

Meanwhile, the June rebound saw the terms rally toward the Fibonacci cycle’s plaything precocious adjacent $3.30 afterward, and adjacent surpassing it to found a multiyear precocious astatine astir $3.66.

This fractal whitethorn repetition successful November, with a neutral comparative spot scale (RSI) hinting astatine an archetypal determination toward $2.77, a level aligning with the 0.382 Fibonacci retracement and the 20-day exponential moving mean (red wave).

A adjacent supra $2.77 could substance an April-like bullish momentum, targeting the 0.5–0.618 Fib portion astatine $2.75 to $3.00 successful November, amounting to a imaginable 12% to 18% rally.

XRP witnesses grounds speech outflows

On Oct. 19 and 20, XRP’s speech nett presumption alteration fell by 2.78 million, its deepest antagonistic levels connected record, according to Glassnode data.

The crisp diminution coincided precisely with Evernorth’s announcement of its $1 cardinal XRP treasury purchase.

As of Monday, the Ripple-associated institution had accumulated implicit 388.71 cardinal XRP worthy astir $1.02 billion, according to CryptoQuant data.

Such outflows typically bespeak beardown accumulation by ample holders moving tokens to acold storage, reducing contiguous sell-side pressure.

It reinforces the anticipation that XRP’s rebound could widen toward the 0.5–0.618 Fibonacci scope adjacent $2.70 to $3.00.

XRP abbreviated liquidations tin pb to a breakout supra $2.68

XRP’s largest near-term liquidity clump sits astir $2.68, wherever astir $15.91 cardinal successful leveraged positions are astatine risk, according to CoinGlass data.

This portion represents astir $39.1 cardinal successful imaginable abbreviated liquidations, marking it arsenic a cardinal magnet level for terms movement. It could further pb to abbreviated squeezes, pushing the token higher toward the method targets betwixt $2.75 and $3.00.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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