Analyst Predicts XRP Price by November, Aligning with Fib. 3.618


A market analyst recently shared what he believes XRP price could rally to by November, aligning with a bullish Fibonacci level.

Currently, XRP is wrestling with the $3 mark, a level that has acted like a magnet for weeks. The price recently dipped below this zone but quickly bounced back, now trading close to $3.03, a delicate position.

XRP Eyeing Wedge Breakout 

Amid this struggle, well-known trader Papa shared a chart that suggests XRP may soon break free from the tug-of-war. Specifically, he believes his system points toward $8.50 by November, a target that matches the 3.618 Fibonacci extension at $8.5177.

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For context, an accompanying chart shows that throughout 2024, XRP spent months in a quiet range between $0.49 and $0.65. However, this long stretch of sideways movement built the foundation for a massive breakout late in the year. 

When the breakout came on the back of the U.S. elections in November 2024, XRP skyrocketed straight into the $2.5 to $3.4 region. This surge culminated in a peak of $3.4 in January 2025. After the rally, XRP cooled down and shifted into consolidation through much of 2025. 

XRP 2W Chart PapaXRP 2W Chart Papa
XRP 2W Chart | Papa

The price swung back and forth between roughly $2 and $3.4 until a breakout led to a new peak of $3.66 by July 2025, before another drop to trade between $2.4 and $3.4. Within this range, XRP shaped a falling wedge, often seen as a bullish continuation signal. 

XRP Targets $8.5 by November

Right now, the coin sits just under the upper boundary of that wedge, pressing against long-term resistance drawn from the $3.66 peak. A break above the upper boundary and a push beyond $3.66 could set the stage for XRP’s upward push.

Notably, XRP’s Relative Strength Index soared during the initial rally, then eased into lower highs while price moved sideways. Lately, RSI has pushed back up to about 62, hinting that strength may be returning. A break of the RSI’s downtrend line would confirm that momentum has changed in favor of the bulls.

Data from the chart shows Papa’s roadmap alongside Fibonacci levels. Specifically, if XRP clears $3.64, the first stop sits at the 1.618 extension around $4.45. A stronger push could reach the 2.618 extension near $6.15, while the most ambitious target lies at the 3.618 extension around $8.52. From today’s $3.11, that would mean a gain of more than 170%.

Persistent Bullish XRP Outlook

Meanwhile, other traders also see reasons to stay bullish. Khonshu Arc said the September low near $2.7 is the level that keeps the bull run intact. He explained that if this low holds, XRP can aim for $4.30 to $5.00 under his Elliott Wave count. He marked $3.39 as the first sign of strength and warned that a break below $2.7 would invalidate the bullish setup.

XRP 1D Chart Khonshu ArcXRP 1D Chart Khonshu Arc
XRP 1D Chart | Khonshu Arc

Analyst Ali Martinez added that the TD Sequential indicator recently flashed a buy signal. For the uninitiated, this typically signals that a bounce may be coming.

Also, Man of Bitcoin observed that XRP retested a descending trendline from above. He admitted the pullback looks deeper than normal for an early corrective wave but maintained the structure on his chart given how volatile XRP often behaves.

XRP 1h Chart Man of BitcoinXRP 1h Chart Man of Bitcoin
XRP 1h Chart | Man of Bitcoin

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.





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