It’s been a shaky stretch for Ripple’s XRP after the violent liquidation event earlier this month knocked the price below $2.50. Ever since, price action has been weak, choppy, and disappointing for those looking for a good bounce.
But there is a silver lining that XRP price has once again formed a floor at $2.60 range, showing that it is a resilient one despite the cooling down of volatility throughout the market.
There’s also a mix of fresh news influencing sentiment. Western Union revealed that its upcoming stablecoin payments network will launch on Solana instead of Ripple – a hit to XRP’s role in institutional liquidity.
At the same time, new DeFi opportunities for XRP holders are emerging through platforms like XRP Tundra, and the market hasn’t forgotten the ongoing ETF speculation tied to Ripple’s growing institutional reach. So it’s a tug-of-war between exciting long-term potential and short-term doubt.
What the XRP Chart Is Showing Right Now
The 4H structure shows XRP price trapped between an important Fibonacci resistance area near $2.60–$2.65 and a soft support band around $2.50.
Price wiped out leveraged positions during the crash, but instead of turning into a full breakdown, the chart stabilized and began working sideways. That’s usually how a base forms before the next move.
Open interest fell sharply after the flush, meaning fewer traders are taking risky leveraged longs. That’s healthy. When XRP climbs without inflated derivatives exposure behind it, the move tends to be more sustainable.
Market Indicators
Momentum indicators like RSI are neutral but slightly tilting upward, signaling room to climb if buyers step in. MACD has crossed above the signal line again, showing that bullish momentum is quietly returning.
This isn’t a full-force trend shift yet, but it definitely doesn’t look bearish. Net long positions increasing while shorts fade suggests confidence is creeping back.
Volume hasn’t fully recovered yet, and until it does, XRP price will continue to move cautiously. But price stability after a liquidation event is often traders’ first clue that whales aren’t done accumulating.
Read Also: SEI Price Tanks… But Smart Money Is Already Positioning for a $1 Comeback – Here’s Why
November XRP Price Outlook – Stability Before a Push Higher
If XRP can finally reclaim and close above $2.65 with conviction, November could bring a run toward $3.00 and eventually $3.32 – the same resistance level that capped the rally earlier this year.
But if resistance proves too heavy again, traders should expect another dip back toward $2.40 to test buyers’ strength.
Right now, XRP price is coiling, holding steady, and waiting for volume to confirm its next direction. The explosive move happened already – now the chart is telling us it’s preparing for the follow-up.
November could be the month where stability turns into momentum once again.
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