Key takeaways:
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The XRP fractal indicates a 12% to 18% rally in November.
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On-chain data shows XRP’s highest withdrawal on record, fueling its rallies.
XRP (XRP) is on track to end October in the red, having slipped more than 7.5% so far this month despite a dramatic 109% rebound from mid-October.
The recovery comes amid bullish developments, including Evernorth’s $1 billion Treasury purchase and Ripple’s favorable mention of the token in ITS Hidden road taking announcement.
These fundamentals boost XRP’s potential to continue its November rebound. But how high is the price? Let’s check.
XRP Eyes Double-digit rally in November
XRP’s latest price recovery appears to mirror a familiar fractal that played out in the first half of 2025.
In April and June, the cryptocurrency bounced from long-term trend support, a zone that acted as an accumulation area for traders.
The April rebound pushed XRP price towards the 0.5 to 0.618 Fibonacci retracement range drawn from the existing cycle high swing to lower. This zone is aligned with the $3.20 to $3.40 area.
Meanwhile, the June rebound saw the price rally towards the swing of the Fibonacci cycle high near $3.30 afterwards, and even surpassed it to establish a multiyear high around $3.66.
This fractal can be repeated in November, with a neutral relative index index (RSI) indicating an initial move towards $ 2.77, a level aligned with the 0.382 Fibonacci retracement and the 20-day exponential moving average (red wave).
A close above $2.77 could fuel an April-like bullish momentum, targeting the 0.5-0.618 FIB zone at $2.75 to $3.00 in November, worth a potential 12% to 18% rally.
Related: XRP price target $3 as wallet wallet count hits new all-time highs
XRP witnesses recorded exchange outflows
On October 19 and 20, XRP’s net change fell by 2.78 million, its deepest negative level, according to Glassnode data.
The sharp decline coincides precisely with Evernorth’s announcement of a $1 billion purchase of XRP Treasury.
As of Monday, the Ripple-related company had accumulated more than 388.71 million XRP worth nearly $1.02 billion, according to Cryptoquant data.
Such flows usually indicate a strong accumulation of large holders moving tokens into cold storage, reducing immediate selling pressure.
Related: XRP price target $3 as wallet wallet count hits new all-time highs
This reinforces the possibility that XRP’s rebound may extend towards the 0.5-0.618 Fibonacci range near $2.70 to $3.00.
XRP Short Liquidations could lead to a breakout above $2.68
XRP’s largest nearby Liquidity cluster is sitting around $2.68, with approximately $15.91 million in leveraged positions at risk, according to Coinglass Data.
This zone represents about $39.1 million in potential short avoidance, marking it as a key magnet level for price movement. This could further lead to short squeezes, pushing the token higher 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 do their own research when making decisions.
