đ XRP Set for a November Surge? Key Signals Point to $3 Potential
Letâs dive into the key bullish signals and technical factors.
Despite slipping ~7.5% in October, XRP has already staged a dramatic 109% rebound from its mid-October lows. This recovery is backed by strong fundamentals and growing supply pressure on exchanges.
đ° Evernorthâs $1B XRP Accumulation
Evernorth has quietly amassed over 388M XRP (~$1.02B), moving tokens to cold storage. Large outflows like this reduce immediate sell-side pressure and signal strong accumulation by whales, often a precursor to upward moves.
đ Historical Fractal Patterns & Technicals
XRPâs recent recovery mirrors fractals from early 2025:
- April rebound saw a move toward the 0.5â0.618 - Fibonacci retracement (~$3.20â$3.40)
- June rebound pushed price past $3.30, even reaching a multi-year high at ~$3.66
- Current neutral RSI and price action suggest an initial move toward $2.77 (0.382 Fib + 20-day EMA). A close above this level could trigger an April-like momentum, targeting $2.75â$3.00 in November, implying ~12â18% upside.
đ Record Exchange Outflows
On Oct 19â20, XRPâs net position change fell by 2.78M, the deepest negative on record, coinciding with Evernorthâs $1B treasury purchase. Such outflows often indicate accumulation by long-term holders, further supporting a potential rebound toward the 0.5â0.618 Fib zone.
⥠Short Liquidations as a Catalyst
XRPâs key near-term liquidity cluster sits at $2.68, with ~$39M in short positions at risk. A squeeze here could amplify bullish momentum, pushing price toward the $2.75â$3.00 range.
đ Conclusion
Strong whale accumulation, supply shock on exchanges, and favorable technical patterns all point toward a potential double-digit rally for XRP in November.
The question isnât if XRP can rise but how high it can go. Could $3 be on the cards this month?
