Key Points:
XRP's fractal pattern suggests a price increase of 12% to 18% in November.
On-chain data shows XRP has set a record for historical withdrawals, increasing its bullish probability.
XRP is heading towards a red close in October, having dropped over 7.5% this month, despite a strong rebound of 109% from mid-October's low.
This strong recovery is accompanied by several positive developments, including Evernorth's $1 billion XRP reserve purchase and Ripple's positive mention of the token in its Hidden Road acquisition announcement.
These fundamental factors enhance XRP's potential for continued recovery in November. So how high could the price rise? Let's analyze further.
XRP's latest price recovery appears to replicate a classic fractal pattern seen in the first half of 2025.
In April and June, this cryptocurrency rebounded from a long-term uptrend support line, which had served as an accumulation zone for traders.
The April rebound pushed XRP's price into the 0.5 to 0.618 Fibonacci retracement zone drawn from the current cycle's high to low. This zone aligns with the price range of $3.20 to $3.40.
Meanwhile, the June rebound drove the price towards the Fibonacci cycle high near $3.30, even surpassing this level to set a multi-year high around $3.66.
This fractal pattern may repeat in November, with a neutral Relative Strength Index (RSI) suggesting an initial target of $2.77, which aligns with the 0.382 Fibonacci retracement and the 20-day exponential moving average (red wave line).
If the closing price breaks above $2.77, it could trigger bullish momentum similar to April, with a November target range of $2.75 to $3.00 in the 0.5-0.618 Fibonacci zone, representing a potential increase of 12% to 18%.
According to Glassnode data, on October 19 and 20, XRP's net position change on exchanges decreased by 2.78 million coins, marking the lowest level on record.
This sharp decline coincides precisely with Evernorth's announcement of a $1 billion XRP reserve purchase plan.
As of Monday, CryptoQuant data shows that this Ripple-related company has accumulated over 388.71 million XRP, valued at approximately $1.02 billion.
Such capital outflows typically indicate that large holders are aggressively accumulating and transferring tokens to cold storage, thereby alleviating immediate selling pressure.
This further strengthens the possibility that XRP's rebound could extend to the 0.5-0.618 Fibonacci zone near $2.70 to $3.00.
According to CoinGlass data, the largest recent liquidity concentration for XRP is around $2.68, where approximately $15.91 million in leveraged positions are at risk.
Analysis indicates that this area represents about $39.10 million in potential short liquidations, making it a key attraction point for price movements. This situation could further trigger a short squeeze, pushing the token's price towards the technical target area between $2.75 and $3.00.
Related: After Ripple's CEO urged investors to "lock in positions," XRP price is expected to rise to $3.45.
This article does not contain any investment advice or recommendations. Any investment and trading activities involve risks, and readers should conduct their own research before making decisions.
Original: “How High Can XRP Price Go in November?”
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