Key takeaways:
XRP fractal suggests a 12% to 18% upswing in November.
On-chain metrics show the highest XRP withdrawals ever, enhancing its bullish prospects.
XRP (XRP) is poised to conclude October on a downward note, declining over 7.5% this month despite a notable 109% rebound from mid-October lows.
The recovery has unfolded amid positive news, including Evernorth’s $1 billion XRP treasury acquisition and Ripple’s highlighting of the token in its Hidden Road acquisition announcement.
These developments augment XRP’s chances for continued growth in November. But what price can we expect? Let’s analyze.
XRP targets double-digit growth in November
XRP’s recent price recovery appears to replicate a familiar fractal observed in the first half of 2025.
In April and June, the cryptocurrency bounced from its long-term ascending trendline support, a key accumulation area for traders.
The rebound in April drove XRP towards the 0.5 to 0.618 Fibonacci retracement range spanning from the cycle’s swing high to swing low. This was in alignment with the $3.20 to $3.40 range.
In June, the price rebounded and surged toward the Fibonacci cycle’s swing high around $3.30, even exceeding it to clinch a multiyear peak at approximately $3.66.
This fractal may reoccur 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 stimulate bullish momentum akin to April, targeting the 0.5–0.618 Fib zone at $2.75 to $3.00 this November, indicating a possible 12% to 18% price increase.
Related: XRP price aims for $3 as whale wallet count reaches new all-time highs
XRP sees record exchange outflows
On Oct. 19 and 20, XRP’s exchange net position change dropped by 2.78 million, marking its highest negative levels recorded, based on Glassnode data.
This significant decrease aligned precisely with Evernorth’s announcement regarding its $1 billion XRP treasury acquisition.
As of Monday, the Ripple-affiliated company had acquired over 388.71 million XRP valued around $1.02 billion, per CryptoQuant data.
Such outflows generally indicate robust accumulation by large holders moving tokens to cold storage, thereby lessening 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 recovery could extend towards the 0.5–0.618 Fibonacci range near $2.70 to $3.00.
XRP short liquidations may drive a breakout above $2.68
XRP’s major near-term liquidity cluster is situated around $2.68, where approximately $15.91 million in leveraged positions are vulnerable, according to CoinGlass data.
This zone indicates around $39.1 million in potential short liquidations, rendering it a crucial magnet level for price movement. This may trigger short squeezes, pushing the token upward 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.
