Key takeaways:
XRP fractal suggests a 12% to 18% surge in November.
On-chain data shows record XRP withdrawals, enhancing its bullish prospects.
XRP (XRP) is poised to conclude October in the red, having decreased over 7.5% this month, despite a remarkable 109% recovery from its mid-October lows.
This recovery is accompanied by positive developments, including Evernorth’s $1 billion XRP treasury acquisition and Ripple’s favorable reference to the token in its Hidden Road acquisition announcement.
These fundamentals increase XRP’s chances to sustain its rebound in November. But how much can the price rise? Let’s explore.
XRP targets double-digit increase in November
The recent price recovery of XRP seems to reflect a familiar fractal observed 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 recovery pushed XRP toward the 0.5 to 0.618 Fibonacci retracement range, corresponding to the $3.20 to $3.40 area.
Meanwhile, the June recovery advanced the price toward the Fibonacci cycle’s swing high near $3.30, eventually exceeding it to reach a multiyear high around $3.66.
This fractal may reoccur in November, with a neutral relative strength index (RSI) indicating an initial move toward $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 bullish momentum similar to April, targeting the 0.5–0.618 Fib range at $2.75 to $3.00 in November, translating to a potential 12% to 18% increase.
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 exchange net position change dipped by 2.78 million, marking its deepest negative levels on record, according to Glassnode data.
The significant decline coincided precisely with Evernorth’s announcement regarding its $1 billion XRP treasury acquisition.
By Monday, the Ripple-associated company had amassed over 388.71 million XRP valued at approximately $1.02 billion, based on CryptoQuant data.
Such outflows generally indicate strong accumulation by large holders transferring tokens to cold storage, thereby minimizing immediate sell pressure.
Related: XRP price aims for $3 as whale wallet counts reach new all-time highs
This reinforces the likelihood that XRP’s recovery could extend toward the 0.5–0.618 Fibonacci area near $2.70 to $3.00.
XRP short liquidations may trigger 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 indicates about $39.1 million in potential short liquidations, marking it as a critical magnet level for price movement. This could potentially lead to short squeezes, driving the token upwards toward the 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.
