Key takeaways:
XRP fractal suggests a potential 12% to 18% increase in November.
On-chain metrics show record XRP withdrawals, enhancing bullish prospects.
XRP (XRP) is poised to close October with losses, down over 7.5% this month despite a notable 109% recovery from mid-October lows.
The rebound follows positive developments, including Evernorth’s $1 billion purchase of XRP and Ripple’s favorable reference to the token in its Hidden Road acquisition announcement.
These factors increase the likelihood of XRP maintaining its upward trajectory in November. But what price levels could we expect? Let’s take a closer look.
XRP anticipates double-digit growth in November
XRP’s recent price recovery echoes a familiar pattern observed in the first half of 2025.
In April and June, the cryptocurrency rallied from its long-term ascending trendline support, which served as an accumulation area for traders.
The April rebound drove XRP toward the 0.5 to 0.618 Fibonacci retracement range, aligning with the $3.20 to $3.40 area.
In June, the price surged towards the Fibonacci cycle’s swing high near $3.30, eventually surpassing it to form a multiyear peak at around $3.66.
This fractal could repeat in November, with a neutral relative strength index (RSI) suggesting an initial target of $2.77, which corresponds with the 0.382 Fibonacci retracement and the 20-day exponential moving average (red wave).
A close above $2.77 could incite bullish momentum akin to April’s rally, targeting the 0.5–0.618 Fib zone at $2.75 to $3.00 in November, representing a potential 12% to 18% rise.
Related: XRP price aims for $3 as whale wallet counts reach new all-time highs
XRP experiences unprecedented exchange outflows
On Oct. 19 and 20, XRP’s net exchange position changed by -2.78 million, marking the steepest decline in its history, as per Glassnode data.
This sharp decline coincided precisely with Evernorth’s $1 billion XRP treasury purchase announcement.
As of Monday, the Ripple-associated firm had acquired over 388.71 million XRP, valued at approximately $1.02 billion, according to CryptoQuant data.
Such outflows generally indicate robust accumulation by major holders transferring tokens to cold storage, thereby reducing immediate selling pressure.
Related: XRP price targets $3 as whale wallet counts reach new all-time highs
This reinforces the possibility of XRP’s rebound extending toward 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 positioned around $2.68, where approximately $15.91 million in leveraged holdings are currently at risk, according to CoinGlass data.
This zone represents roughly $39.1 million in potential short liquidations, marking it as a crucial magnet level for price action. It could further instigate short squeezes, driving the token higher towards 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.
