Key takeaways:
XRP fractal suggests a potential rally of 12% to 18% in November.
On-chain metrics show record XRP withdrawals, increasing its bullish prospects.
XRP (XRP) is poised to finish October in a decline, experiencing a drop of over 7.5% this month despite a significant 109% recovery from its mid-October lows.
This recovery follows positive developments, including Evernorth’s $1 billion purchase of XRP and Ripple’s favorable remarks about the token in its Hidden Road acquisition announcement.
These factors enhance XRP’s chances for a continued rebound in November. But what price levels can we expect? Let’s explore.
XRP targets double-digit gains in November
XRP’s recent price bounce appears to follow a recognized fractal observed in the first half of 2025.
During April and June, the cryptocurrency rebounded from its long-term ascending trendline support, a zone that served as a trader accumulation area.
The April rise pushed XRP toward the 0.5 to 0.618 Fibonacci retracement range calculated from the swing high and low of the current cycle, corresponding to the $3.20 to $3.40 area.
Conversely, the June resurgence saw the price surge toward the Fibonacci cycle’s swing high near $3.30 and even surpassing it to reach a multiyear high of approximately $3.66.
This fractal may be set to replay in November, with a neutral relative strength index (RSI) suggesting an initial move towards $2.77, aligning with the 0.382 Fibonacci retracement and the 20-day exponential moving average (red wave).
A close above $2.77 could ignite April-like bullish momentum, targeting the 0.5–0.618 Fibonacci zone at $2.75 to $3.00 in November, translating to a potential rally of 12% to 18%.
Related: XRP price aims for $3 as whale wallet count reaches new all-time highs
XRP sees record outflows from exchanges
On Oct. 19 and 20, XRP’s exchange net position change dropped by 2.78 million, marking its lowest negative levels on record, according to Glassnode data.
This significant drop coincided precisely with Evernorth’s announcement regarding its $1 billion purchase of XRP.
Currently, the Ripple-affiliated company has accumulated over 388.71 million XRP, valued at about $1.02 billion, per CryptoQuant data.
Such outflows generally signify strong accumulation by large holders transferring tokens to cold storage, which decreases immediate sell-side pressure.
Related: XRP price aims for $3 as whale wallet count reaches new all-time highs
This reinforces the likelihood that XRP’s rebound could extend towards the 0.5–0.618 Fibonacci range near $2.70 to $3.00.
XRP short liquidations may trigger a breakout above $2.68
XRP’s most significant near-term liquidity cluster is situated around $2.68, where approximately $15.91 million in leveraged positions are at risk, according to CoinGlass data.
This area represents about $39.1 million in possible short liquidations, positioning it as a critical level for price movement. This may lead to short squeezes, pushing the token higher toward technical targets between $2.75 and $3.00.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
