Key takeaways:
XRP fractal suggests a rally of 12% to 18% in November.
On-chain data shows record XRP withdrawals, enhancing bullish potential.
XRP (XRP) is poised to conclude October in the negative, having declined more than 7.5% to date this month, despite a remarkable 109% recovery from mid-October lows.
This rebound is occurring alongside positive developments, including Evernorth’s $1 billion XRP treasury acquisition and Ripple’s favorable reference to the token in its Hidden Road purchase announcement.
These fundamentals bolster XRP’s prospects for further recovery in November. But how high can the price climb? Let’s explore.
XRP targets a double-digit rally in November
XRP’s recent price uptick seems to reflect a familiar fractal observed earlier in 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 drove XRP toward the 0.5 to 0.618 Fibonacci retracement range derived from the prevailing cycle’s high and low, aligning with the $3.20 to $3.40 zone.
In June, the price rallied towards the Fibonacci cycle’s swing high near $3.30 and even surpassed it, establishing a multiyear peak around $3.66.
This fractal could repeat in November, with a neutral relative strength index (RSI) suggesting an initial move toward $2.77, closely aligning with the 0.382 Fibonacci retracement and the 20-day exponential moving average (red wave).
A close above $2.77 could fuel bullish momentum akin to April’s surge, targeting the 0.5–0.618 Fib area at $2.75 to $3.00 in November, resulting in a potential rally of 12% to 18%.
Related: XRP price aims for $3 as whale wallet counts reach all-time highs
XRP experiences unprecedented exchange outflows
On Oct. 19 and 20, XRP’s exchange net position dropped by 2.78 million, marking its largest negative shift on record, according to Glassnode data.
This marked decline coincided perfectly with Evernorth’s announcement about its $1 billion XRP treasury purchase.
As of Monday, the Ripple-affiliated firm had acquired over 388.71 million XRP, valued at approximately $1.02 billion, based on data from CryptoQuant.
Such outflows generally indicate strong accumulation by major holders transferring tokens to cold storage, thus alleviating immediate sell-side pressure.
Related: XRP price aims for $3 as whale wallet counts reach all-time highs
This reinforces the likelihood of XRP’s recovery 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 primary near-term liquidity cluster is located around $2.68, where approximately $15.91 million in leveraged positions are at risk, as per CoinGlass data.
This zone denotes approximately $39.1 million in potential short liquidations, classifying it as a crucial magnet level for price action. It could lead to short squeezes that elevate the token 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.
