XRP News Today: XRP Fibonacci Levels Under Scrutiny as Bulls and Bears Face Off in a Crucial November Battle
- 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
 
    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
Further strengthening the case, XRP futures are now available to U.S. retail investors on Webull and Coinbase Derivatives. As reported by
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
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.
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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