XRP (XRP) is poised to end October on a bearish note, with a decline of over 7.5% for the month, despite experiencing a remarkable 109% rebound from its mid-October lows. This rebound was fueled by 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 have increased XRP’s potential to continue its rally in November. To understand how high the price could go, let’s examine the XRP fractal and on-chain data. The XRP fractal suggests a potential 12-18% rally in November, while on-chain data shows the highest XRP withdrawal on record, increasing the odds of a bullish outcome.
XRP Fractal Analysis
XRP’s recent price rally appears to reflect a familiar fractal that played out in the first 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, which corresponds to the $3.20 to $3.40 area.
XRP/USD daily chart. Source: TradingView
Meanwhile, the recovery in June saw the price rise towards the Fibonacci cycle swing high near $3.30 and even surpass it to reach 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).
XRP/USD daily chart. Source: TradingView
XRP Price Targets and On-Chain Data
A close above $2.77 could trigger April-like bullish momentum and target the 0.5-0.618 Fib zone at $2.75-$3.00 in November for a potential rally of 12-18%. On-chain data also supports this bullish outlook, with XRP witnessing record exchange outflows. On October 19 and 20, XRP’s exchange net position change fell by 2.78 million, according to Glassnode data, the deepest negative value on record.
Change in XRP exchange net position compared to price. Source: Glassnode
According to data from CryptoQuant, the Ripple-affiliated company had accumulated over 388.71 million XRP as of Monday, worth about $1.02 billion. Such outflows typically indicate heavy accumulation by large holders moving their tokens into cold storage, reducing immediate sell-side pressure.
Evernorth balance and balance change. Source: CryptoQuant
XRP Short Liquidations and Breakout Potential
According to CoinGlass data, XRP’s largest short-term liquidity cluster is around $2.68, with about $15.91 million in leveraged positions at risk. This area represents approximately $39.1 million in potential short liquidations, making it an important magnet level for price action. This could lead to further short squeezes and push the token towards technical targets between $2.75 and $3.00.
Binance XRP/USDT liquidation heatmap. Source: CoinGlass
This article does not contain any investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making their decision. For more information, visit https://cointelegraph.com/news/how-high-can-xrp-price-go-in-november
