Key insights:
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The XRP fractal suggests a 12-18% rally in November.
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On-chain data shows the very best XRP withdrawal on record, increasing bullish odds.
XRP (XRP) is on course to finish October within the red, down greater than 7.5% to date this month despite a dramatic 109% rebound from its mid-October lows.
XRP/USD day by day chart. Source: TradingView
The rally got here amid bullish developments, including Evernorth's $1 billion purchase of XRP treasuries and Ripple's positive mention of the token in its Hidden Road acquisition announcement.
These fundamentals increase XRP’s potential to proceed its rally in November. But how high can the value be? Let's investigate.
XRP expects a double-digit rally in November
XRP’s recent price rally appears to reflect a well-recognized fractal that played out in the primary half of 2025.
In April and June, the cryptocurrency rebounded from its long-term uptrend line support, a zone that acted as an accumulation zone for traders.
The April rally pushed XRP price towards the 0.5-0.618 Fibonacci retracement area drawn from the swing high to the swing low of the prevailing cycle. This zone corresponds to the $3.20 to $3.40 area.
Meanwhile, the recovery in June saw the value rise towards the Fibonacci cycle swing high near $3.30 and even surpass it to succeed in a multi-year high around $3.66.
This fractal could repeat in November, with a neutral relative strength index (RSI) indicating an initial move towards $2.77, a level consistent with the 0.382 Fibonacci retracement and the 20-day exponential moving average (red wave).
A detailed above $2.77 could trigger April-like bullish momentum and goal the 0.5-0.618 Fib zone at $2.75-$3.00 in November for a possible rally of 12-18%.
XRP Witnesses Record Exchange Outflows
On October 19 and 20, XRP's exchange net position change fell by 2.78 million, based on Glassnode data, the deepest negative value on record.
The sharp decline coincided precisely with Evernorth’s announcement that it could purchase $1 billion price of XRP treasury bonds.
According to data from CryptoQuant, the Ripple-affiliated company had accrued over 388.71 million XRP as of Monday, price about $1.02 billion.
Such outflows typically indicate heavy accumulation by large holders moving their tokens into cold storage, reducing immediate sell-side pressure.
This reinforces the chance that XRP’s rally could extend towards the 0.5-0.618 Fibonacci zone near $2.70-$3.00.
XRP short liquidations could lead on to a breakout above $2.68
According to CoinGlass data, XRP's largest short-term liquidity cluster is around $2.68, with about $15.91 million in leveraged positions in danger.
This area represents roughly $39.1 million in potential short liquidations, making it a crucial magnet level for price motion. This could lead on to further short squeezes and push the token towards technical targets between $2.75 and $3.00.
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision.
