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XRP News Today: XRP Fibonacci Levels Under Scrutiny as Bulls and Bears Face Off in a Crucial November Battle

XRP News Today: XRP Fibonacci Levels Under Scrutiny as Bulls and Bears Face Off in a Crucial November Battle

Bitget-RWA2025/11/04 03:20
By:Bitget-RWA

- Ripple's monthly XRP unlock of 1 billion tokens ($2.5B value) renews focus on supply dynamics amid 70-80% re-locking framework. - XRP trades near $2.50 with bulls targeting $3.25 via Fibonacci levels, while bears watch $2.40 support amid declining open interest. - U.S. retail access to XRP futures via Webull and Coinbase expands derivative exposure as broader crypto markets show modest recovery. - Market debates escrowed tokens' impact on liquidity metrics, with technical indicators showing mixed bearish

XRP Holds Firm Macro Pattern as Experts Eye Fibonacci Levels at $8.43, $13.64, and $27.24

Ripple’s monthly

escrow release of 1 billion tokens—worth about $2.5 billion at present rates—has sparked renewed debate about the asset’s supply mechanics and future price movement. Set for November 1, this release follows Ripple’s 2017 liquidity management protocol, which typically sees 70–80% of the tokens returned to escrow, thereby limiting their immediate influence on the market, according to . Although this event has attracted attention amid XRP’s recent price swings, analysts believe the direct impact on price will be limited, as the majority of tokens are likely to be re-escrowed. Still, traders are watching Ripple’s re-locking approach closely this month, as a lower re-lock rate could hint at increased distribution or funding activity.

XRP News Today: XRP Fibonacci Levels Under Scrutiny as Bulls and Bears Face Off in a Crucial November Battle image 0

Throughout October, XRP’s price has remained robust, fluctuating between $2.30 and $2.68, supported by optimism around Ripple’s institutional partnerships and Evernorth’s billion-dollar listing ambitions. A recent 2% climb to $2.51 has fueled bullish sentiment, with technical analysts pointing to significant Fibonacci thresholds, as noted by

. XRP is currently trading above the $2.43 (0.382) mark and is testing the 20-day EMA near $2.54. Should it break above $2.72 (0.5 retracement), the next target could be the $3.25 region, where the 0.786 level aligns with the upper trendline. The RSI has bounced back from oversold levels, indicating reduced selling pressure, while the broader crypto market’s recovery—Bitcoin and both gaining over 1%—reflects growing risk appetite.

Further strengthening the case, XRP futures are now available to U.S. retail investors on Webull and Coinbase Derivatives. As reported by

, these smaller contracts lower the entry threshold for those seeking diversified altcoin exposure. This move is in line with the broader expansion of regulated crypto derivatives, as exchanges respond to increasing investor demand.

Despite these positive developments, bearish sentiment lingers. Open Interest (OI) in XRP futures has dropped by half since its October high, now averaging $4.33 billion versus $9.09 billion, according to

. Falling OI-weighted funding rates and subdued retail interest suggest traders are reducing long bets, which could hasten a slide toward $2.18. From a technical perspective, XRP remains under key EMAs ($2.60, $2.64, $2.72) and the RSI hovers near 41, reinforcing a bearish stance. A dip below $2.40 could trigger a 10% decline, with further support at $2.16 and $1.76.

Debate over how XRP’s market capitalization is calculated has also resurfaced, with critics claiming the 35 billion tokens held in escrow distort liquidity figures. Developer Vincent Van Code likened this to Bitcoin’s lost coins, while former Ripple CTO David Schwartz clarified the company’s ability to monetize escrowed assets.

As XRP enters a pivotal period, the interplay between institutional uptake, the growth of derivative products, and technical signals will determine its path. Bulls are targeting the $3.00–$3.20 resistance band ahead of the ETF window, while bears are focused on defending key support levels.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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