XRP News Today: XRP's Fibonacci Targets in the Crosshair: Bulls vs. Bears in Critical November Showdown

XRP Maintains Strong Macro Structure as Analysts Track $8.43, $13.64, and $27.24 Fibonacci Targets

Ripple's monthly XRP escrow unlock of 1 billion tokens-valued at approximately $2.5 billion at current prices-has reignited discussions about the cryptocurrency's supply dynamics and price trajectory. The release, scheduled for November 1, follows a liquidity management framework introduced in 2017, which typically re-locks 70–80% of the unlocked tokens, limiting their immediate market impact, according to BeinCrypto. While the move has drawn attention amid XRP's recent volatility, analysts suggest the direct price effect will be minimal, as most tokens are expected to return to escrow. However, traders are closely monitoring Ripple's re-locking strategy this month, with a lower re-lock potentially signaling increased distribution or funding activity.

The XRP price has shown resilience, trading between $2.30 and $2.68 in October, buoyed by optimism around Ripple's institutional expansion and Evernorth's billion-dollar listing plans. A recent 2% price jump to $2.51 has drawn bullish attention, with technical analysts highlighting key Fibonacci levels, according to Benzinga. XRP is currently holding above the $2.43 (0.382) level and testing the 20-day EMA near $2.54. A breakout above $2.72 (0.5 retracement) could target the $3.25 zone, where the 0.786 level and upper trendline converge. The RSI has rebounded from oversold territory, suggesting easing selling pressure, while the broader crypto market's rebound-Bitcoin and Ethereum both up over 1%-indicates improving risk appetite.

Adding to the narrative, XRP futures have become accessible to U.S. retail traders via Webull and Coinbase Derivatives. This development, reported by Bitcoin.com, introduces smaller-sized contracts, lowering entry barriers for investors seeking diversified exposure to altcoins. This development aligns with the broader crypto derivatives market's growth, as platforms expand regulated product suites to meet rising demand.

However, bearish sentiment persists. Open Interest (OI) for XRP futures has halved since October's peak, averaging $4.33 billion compared to $9.09 billion, according to FXStreet. A drop in OI-weighted funding rates and weak retail demand suggest traders are scaling back long positions, potentially accelerating a decline toward $2.18. Technically, XRP remains below key EMAs ($2.60, $2.64, $2.72) and the RSI near 41, reinforcing a bearish outlook. A break below $2.40 could trigger a 10% drop, with further support at $2.16 and $1.76.

The debate over XRP's market cap calculation also resurfaces, with critics arguing that 35 billion tokens in escrow distort liquidity metrics. Developer Vincent Van Code has compared this to Bitcoin's lost coins, while Ripple's former CTO David Schwartz clarified the company's ability to monetize escrowed tokens.

As XRP navigates a critical phase, the interplay between institutional adoption, derivative product expansion, and technical indicators will shape its trajectory. Bulls aim for a $3.00–$3.20 resistance zone ahead of the ETF window, while bears remain vigilant at key support levels.