Key takeaways:
XRP fractal suggests a potential 12% to 18% rally in November.
On-chain metrics show the highest XRP withdrawal ever, increasing bullish prospects.
XRP (XRP) is set to conclude October negatively, dropping over 7.5% this month despite a remarkable 109% recovery from mid-October lows.
This recovery is attributed to optimistic developments, such as Evernorth’s $1 billion XRP treasury acquisition and Ripple’s positive reference to the token in its Hidden Road acquisition announcement.
These fundamental factors enhance XRP’s chances of continuing its recovery into November. But how high could the price rise? Let’s look into it.
XRP anticipates double-digit growth in November
XRP’s recent price rebound seems to imitate a known fractal seen in the first half of 2025.
In April and June, the cryptocurrency rebounded from its long-term ascending trendline support, which served as an accumulation zone for traders.
The April surge pushed XRP towards the 0.5 to 0.618 Fibonacci retracement range, drawn from the latest high to low swing, aligning with the $3.20 to $3.40 area.
In June, the price rally moved toward the Fibonacci cycle’s swing high around $3.30, eventually exceeding it to reach a multiyear high near $3.66.
This fractal may recur in November, with a neutral relative strength index (RSI) indicating an initial target of $2.77, corresponding with the 0.382 Fibonacci retracement and the 20-day exponential moving average (red wave).
A close above $2.77 could ignite an April-like bullish momentum, aiming for the 0.5–0.618 Fib zone at $2.75 to $3.00 in November, leading to a possible 12% to 18% increase.
Related: XRP price targets $3 as whale wallet count reaches new all-time highs
XRP experiences unprecedented exchange outflows
On Oct. 19 and 20, XRP’s exchange net position change plunged by 2.78 million, marking the deepest negative levels on record, as per Glassnode data.
This significant drop coincided perfectly with Evernorth’s $1 billion XRP treasury purchase announcement.
As of Monday, the Ripple-associated entity had accumulated over 388.71 million XRP valued at around $1.02 billion, based on CryptoQuant data.
Such outflows typically signify strong accumulation by major holders moving assets to cold storage, diminishing immediate sell-side pressure.
Related: XRP price targets $3 as whale wallet count reaches new all-time highs
This strengthens the potential for XRP’s recovery to advance towards the 0.5–0.618 Fibonacci range near $2.70 to $3.00.
XRP short liquidations could trigger a breakout above $2.68
XRP’s largest nearby liquidity cluster resides around $2.68, where approximately $15.91 million in leveraged positions are at stake, as indicated by CoinGlass data.
This area represents about $39.1 million in potential short liquidations, designating it as a significant attraction point for price movement. It may further induce short squeezes, propelling the token upward towards technical goals 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.
