XRP May Jump 12–18% to $3 on Record Accumulation
XRP price could climb 12–18% to a $2.75–3.00 range in November. A Fibonacci-based fractal pattern, mirroring April and June rebounds, targets the 0.382 retracement at $2.77, with further upside to the 0.5–0.618 zone near $3 if momentum holds.
On-chain data shows record exchange outflows, as Evernorth moved 388.7 million XRP (≈$1.02 billion) into cold storage and 2.78 million XRP left exchanges in mid-October. This accumulation reduces sell-side pressure on the XRP price.
Liquidation heatmaps reveal $15.9 million in shorts clustered around $2.68; a break above this level could trigger a short squeeze and accelerate the rally toward $3.
Technical indicators, including a neutral RSI signal and support at a long-term ascending trendline, reinforce the bullish case. Traders should monitor Fibonacci projections, on-chain accumulation metrics, and short-liquidation catalysts while managing resistance at the $3 level.
Bullish
The combination of a Fibonacci-based fractal pattern, record on-chain accumulation, and concentrated short positions creates a strong bullish setup. In the short term, a break above the $2.68 short cluster could spark a squeeze, driving rapid gains toward $3. Medium to long term, reduced sell-side pressure from large holders and supportive technical indicators (neutral RSI, ascending trendline) suggest sustained upward momentum. Traders can capitalize on entry points near key retracements while managing resistance at $3.