Key takeaways:
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XRP fractal signifies a 12% to 18% rally in November.
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On-chain information reveals the very best XRP withdrawal on report, boosting its bullish odds.
XRP (XRP) is on monitor to finish October within the pink, slipping greater than 7.5% to date this month regardless of a dramatic 109% rebound from its mid-October lows.
The restoration got here amid bullish developments, together with Evernorth’s $1 billion XRP treasury buy and Ripple’s favorable point out of the token in its Hidden Highway acquisition announcement.
These fundamentals enhance XRP’s potential to proceed its rebound in November. However how excessive can the worth go? Let’s look at.
XRP eyes double-digit rally in November
XRP’s newest value restoration seems to reflect a well-recognized fractal performed out within the first half of 2025.
In April and June, the cryptocurrency bounced from its long-term ascending trendline help, a zone that acted as an accumulation space for merchants.
The April rebound propelled XRP value towards the 0.5 to 0.618 Fibonacci retracement vary drawn from the prevailing cycle’s swing excessive to swing low. This zone aligned with the $3.20 to $3.40 space.
In the meantime, the June rebound noticed the worth rally towards the Fibonacci cycle’s swing excessive close to $3.30 afterward, and even surpassing it to ascertain a multiyear excessive at round $3.66.
This fractal might repeat in November, with a impartial relative energy index (RSI) hinting at an preliminary transfer towards $2.77, a stage aligning with the 0.382 Fibonacci retracement and the 20-day exponential shifting common (pink wave).
A detailed above $2.77 might gas an April-like bullish momentum, focusing on the 0.5–0.618 Fib zone at $2.75 to $3.00 in November, amounting to a possible 12% to 18% rally.
Associated: XRP value targets $3 as whale pockets rely hits new all-time highs
XRP witnesses report trade outflows
On Oct. 19 and 20, XRP’s trade web place change fell by 2.78 million, its deepest destructive ranges on report, in line with Glassnode information.
The sharp decline coincided exactly with Evernorth’s announcement of its $1 billion XRP treasury buy.
As of Monday, the Ripple-associated firm had collected over 388.71 million XRP value about $1.02 billion, in line with CryptoQuant information.
Such outflows sometimes point out robust accumulation by giant holders shifting tokens to chilly storage, lowering rapid sell-side strain.
Associated: XRP value targets $3 as whale pockets rely hits new all-time highs
It reinforces the chance that XRP’s rebound might lengthen towards the 0.5–0.618 Fibonacci vary close to $2.70 to $3.00.
XRP quick liquidations can result in a breakout above $2.68
XRP’s largest near-term liquidity cluster sits round $2.68, the place roughly $15.91 million in leveraged positions are in danger, in line with CoinGlass information.
This zone represents about $39.1 million in potential quick liquidations, marking it as a key magnet stage for value motion. It might additional result in quick squeezes, pushing the token larger towards the technical targets between $2.75 and $3.00.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.
