🚀 How High Can XRP Go in November?
Key Takeaways:
$XRP fractal indicates a 12%–18% rally potential in November.
Record on-chain withdrawals boost bullish odds.
Despite a 7.5% slip in October, XRP rebounded 109% from mid-October lows, supported by major bullish developments.
Fundamentals Supporting the Rebound:
Evernorth purchased $1B in XRP for its treasury.
Ripple mentioned XRP favorably in its Hidden Road acquisition announcement.
These events increase the likelihood of continued price recovery in November.
XRP Eyes a Double-Digit Rally:
Recent price action mirrors a fractal from early 2025, bouncing from long-term ascending trendline support.
April and June rallies targeted 0.5–0.618 Fibonacci retracement zones, aligning with $3.20–$3.40 and $3.30–$3.66 ranges.
November could see a neutral RSI-driven initial move to $2.77, near the 0.382 Fibonacci retracement.
A close above $2.77 could trigger bullish momentum toward the 0.5–0.618 Fib range at $2.75–$3.00, implying a 12%–18% potential rally.
Record XRP Outflows Signal Accumulation:
On Oct. 19–20, XRP net exchange outflows hit 2.78M, the largest on record, coinciding with Evernorth’s $1B treasury purchase.
Large holders moving XRP to cold storage reduces sell-side pressure and supports price stability.
Short Liquidations Could Trigger a Breakout:
XRP’s largest near-term liquidity cluster sits at $2.68, with ~$15.91M in leveraged positions at risk.
Potential $39.1M in short liquidations could spark a short squeeze, driving the price toward the $2.75–$3.00 technical target zone.
💡 Takeaway:
XRP’s November outlook is bullish, backed by strong accumulation, technical fractals, and short squeeze potential. Traders should watch the $2.68–$2.77 zone for pivotal price action.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
#WriteToEarnUpgrade #MarketPullback #CPIWatch #APRBinanceTGE #NFPWatch