XRP Price Prediction: Evernorth increases holdings by 1 billion USD, net outflow of 2.78 million XRP from exchanges, target of 3 USD in November.

XRP's recent market performance is noteworthy. Despite a slight fall of 0.24% to $2.62 within 24 hours, the weekly increase remains at 6.89%, with volume surging by 21.25% to $4.47 billion. More importantly, Evernorth has invested $1 billion to acquire a total of 388.7 million XRP, combined with a record net outflow of 2.78 million XRP from the exchange, forming a strong institutional accumulation signal. Technical analysis shows that XRP is replicating the rebound pattern from April and June 2025, and it is expected to reach the target range of $2.75-3.00 in November.

Price Trends and Market Activity: Strength Comparison Across Multiple Time Frames

Recent Performance and Key Level Analysis

XRP is currently trading at $2.62, showing differentiated performance across multiple time frames:

• Short-term pressure: 24-hour slight fall of 0.24%, cumulative decline of 7.5% in October
• Medium-term strength: Rebound of 109% from the mid-October low, with a weekly rise of 6.89%.
• Volume Coordination: The volume rose by 21.25% to $4.47 billion, indicating an increase in capital participation.

The price has successfully held the support of the long-term upward trend line, and this area has been validated as an effective chip accumulation zone, laying the foundation for the subsequent rise.

Institutional Trends and On-Chain Data: The Far-Reaching Impact of Billion-Dollar Accumulation

Evernorth's strategic layout

The massive acquisition by institutional investor Evernorth has attracted widespread attention in the market:

• Acquisition Scale: A total of 388.7 million XRP purchased, with a total value of approximately 1.02 billion USD.
• Strategic Intent: As an asset allocation by the Ministry of Finance, it demonstrates the institution's recognition of the long-term value of XRP.
• Market Impact: Large-scale off-exchange acquisitions directly reduce circulating supply, alleviating market selling pressure.

exchange outflows hit record high

According to Glassnode data, from October 19 to 20, the net position change of XRP on the exchange decreased by 2.78 million, setting a record for the largest single-day outflow.

• Flow Change: From the exchange to private custody wallets, indicating an increased willingness to hold long-term.
• Supply Tightening: A contraction in circulation may exacerbate supply and demand imbalances, driving prices up.
• Psychological Signals: Large transfers usually indicate that investors expect future price rise.

Technical Analysis and Pattern Recognition: Opportunities for the Repetition of Historical Patterns

Fractal Patterns and Price Targets

The current trend of XRP shows a striking similarity to the two rebounds before 2025:

• April Mode: After rebounding from the trendline support, the price pushes towards the $3.20-$3.40 range.
• June Mode: Similar rebound pushed XRP to reach $3.30, ultimately setting a multi-year high of $3.66.
• November Expectations: If history repeats itself, the target range is looking towards $2.75-3.00, with a rise of 12%-18%.

Key technical levels and momentum indicators

• Immediate Resistance: $2.64 is the key breakout level in the near term, and a breakout will confirm upward momentum.
• RSI Position: The Relative Strength Index is in a neutral zone, leaving ample room for upward movement.
• Channel Support: The price stabilizes after touching the lower boundary of the ascending channel, and the technical structure remains intact.

Liquidity Structure and Derivative Signals: Healthy Foundation After Leverage Washout

key liquidity area

The liquidation heatmap shows a significant liquidity cluster around $2.68:

• Short Risk: Approximately $15.91 million in leveraged positions are at risk of liquidation.
• Squeeze Potential: If a short squeeze occurs, it may generate a buying pressure of 39.1 million dollars.
• Target Progression: After liquidity cleansing, the price is expected to smoothly advance to $2.75-$3.00.

Derivatives Market Balance State

• Open Interest: decreased slightly by 1.23% to $4.44 billion, indicating a moderate contraction in speculative positions.
• Funding Rate: A weighted rate of 0.0060% indicates a balance of long and short forces.
• Volume Growth: Derivatives volume increased by 4.47% to $7.92 billion, maintaining activity.

Market Path and Probability Assessment: Key Nodes of Bullish Trends

rise scenarios and triggering conditions

Bullish Breakout (Probability 55%):

• Break through the immediate resistance of $2.64 to confirm short-term momentum
• The closing remains stable above $2.77, starting the journey towards the target zone of $2.75-3.00.
• The trading volume continues to expand, combined with the fundamental narrative of institutional accumulation.

Continuation (Probability 30%):

• Continue to oscillate and accumulate in the range of 2.55-2.65 USD
• Waiting for larger macro catalysts or directional guidance from Bitcoin
• Use time to exchange for space, solidifying the foundation for subsequent rise.

Pullback Risk (Probability 15%):

• Lost long-term trend line support (currently around $2.55)
• The significant pullback of Bitcoin has triggered a risk-off sentiment across the entire market.
• Short-term rise profit-taking pressure concentrated release

medium to long-term Technical Analysis target

If the current ascending channel is maintained, the technical measurement target points to:

• Medium-term target: $3.70-3.80 range, retest previous high points.
• Time Frame: To be achieved in the coming weeks, depending on the overall cryptocurrency market environment.
• Key Condition: Hold the support of the lower channel and effectively break through the resistance of 2.88 USD.

Conclusion

XRP is currently at a critical point of institutional accumulation and technical breakout. Evernorth's $1 billion acquisition and record outflows from exchanges provide solid fundamental support for the price. The technical pattern is reminiscent of the successful Rebound pattern of 2025, injecting optimistic expectations into the November market.

For investors, the breakthrough of the resistance level at $2.64 will become a key decision point in the short term. If it successfully stabilizes above this position, XRP is expected to embark on a journey towards the target range of $2.75-$3.00. In the medium to long term, the continuous accumulation by institutional investors and the tightening of on-chain supply may create conditions for a larger-scale revaluation of value.

Against the backdrop of an overall positive trend in the cryptocurrency market, XRP, with its unique institutional narrative and technical position, is becoming the focus of attention for an increasing amount of capital. However, the market is never smooth sailing; investors should closely monitor the defense and offense of key price levels, manage risks well, and guard against potential volatility while seizing opportunities.