Key insights:
XRP fractal suggests a potential rally of 12% to 18% in November.
On-chain metrics show record XRP withdrawals, increasing bullish prospects.
XRP (XRP) is poised to finish October on a downturn, having declined over 7.5% this month, despite a substantial 109% recovery from mid-October lows.
This recovery aligns with positive developments, including Evernorth’s $1 billion acquisition of XRP treasury and Ripple’s favorable reference to the token during its Hidden Road acquisition announcement.
These factors enhance XRP’s likelihood of maintaining its upward trend into November. But what price levels can we expect? Let’s dive in.
XRP targets double-digit gains in November
XRP’s recent price movement mirrors a known fractal observed in the first half of 2025.
In April and June, the cryptocurrency rebounded from its long-term ascending trendline support, serving as an accumulation zone for traders.
The April bounce drove XRP towards the 0.5 to 0.618 Fibonacci retracement levels established from the prevailing cycle’s swing high to swing low, aligning with the $3.20 to $3.40 range.
Similarly, the June rebound propelled prices toward the Fibonacci swing high around $3.30 and even higher to create a multiyear peak at about $3.66.
This fractal may repeat in November, with a neutral relative strength index (RSI) indicating an initial target of $2.77, a level corresponding to 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, aiming for the 0.5–0.618 Fib zone at $2.75 to $3.00 in November, representing a possible 12% to 18% rally.
Related: XRP price aims for $3 as whale wallet counts hit new records
XRP experiences unprecedented exchange outflows
On Oct. 19 and 20, XRP’s exchange net position change decreased by 2.78 million, marking its lowest negative levels historically, as per Glassnode data.
This sharp drop coincided exactly with Evernorth’s public announcement of its $1 billion XRP treasury acquisition.
As of Monday, the Ripple-related entity had amassed over 388.71 million XRP valued at approximately $1.02 billion, based on CryptoQuant data.
Such outflows typically signify strong accumulation by large holders transferring tokens to cold storage, thereby reducing immediate sell-side pressure.
Related: XRP price targets $3 as whale wallet count hits new all-time highs
This further enhances the potential for XRP’s recovery to extend towards the 0.5–0.618 Fibonacci range around $2.70 to $3.00.
XRP short liquidations could trigger a breakout above $2.68
XRP’s most significant near-term liquidity cluster is situated around $2.68, encompassing approximately $15.91 million in leveraged positions at risk, according to CoinGlass data.
This area represents around $39.1 million in potential short liquidations, establishing it as a pivotal level for price fluctuations. It could subsequently lead to short squeezes, propelling the token higher toward technical targets between $2.75 and $3.00.
This article does not provide investment advice or recommendations. All investments and trading activities involve risk, and readers should perform their own due diligence before deciding.
