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Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
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XRP price forecast today it depends on the verdict of the XRP exchange fund (ETF) of the asset manager Canary Capital which should drop on November 13.
In the early hours of October 31, Canaries filed an updated S-1 registration statement for its proposed spot-XRP ETF, eliminating a delay modification that previously prevented registration from going live.
By removing the delay amendment, Canary Funds could see the XRP ETF launch in November if the fund could secure Nasdaq’s 8-A approval first.
Crypto traders are now preparing for a massive price movement on XRP, as it is at a critical point to pump towards $3.0 or dump back to the $2.20 support level.
Traders Eye Critical Breakout Before XRP ETF Verdict Drop in November
Market analyst ChartNerd revealed that XRP broke out of a 7-year symmetrical triangle and has since rallied above the candle before the $3.84 all-time high (ATH) close and previous highs since 2021 for nearly 12 months.
This means that the bias currently favors the side.
The XRP/TetherUS perpetual contract chart shows that the price action has formed a classic falling wedge pattern, which has recently broken to the upside, signaling a potential trend reversal.
Currently trading around $2.5127, XRP has recently retraced after testing resistance near the order blocking zone around $2.80.
The chart shows a measured movement projection with three distinct profit levels.
The first target (TP1) is around $2.6668, the second (TP2) around $2.5127 (current price level), and the third (TP3) near $2.4281. These targets appear to be based on Fibonacci retracement levels derived from the recent swing high and low.
XRP Price Prediction: Wedge Breakout Fall Targets $2.80
The RSI indicator below shows the momentum oscillator hovering in the mid-range zone, neither overbought nor oversold, suggesting room for movement in either direction.
The yellow line appears to be crossed above the purple line, which could indicate the creation of bullish momentum if sustained.
If the price can hold above the range of $2.40 and regain the level of $2.60 with conviction, it has set up a retest of the resistance of the order block near $2.80, with the extended targets potentially reaching towards the psychological level of $3.00.
However, the failure to maintain the current support could see XRP drift back to the $2.30-$2.20 range before the bulls regain control.
Trade the XRP Rally On CoinFutures With 1,000× Leverage
If you are looking to trade the long XRP configuration now that the market is catching strong offers, you can do this on the CoinFutures Platform.
Coinfutures is a web and mobile platform where you can trade Bitcoin, Ethereum, XRP, Dogecoin, Solana and other coins with 1000× leverage.
Registration takes seconds and no ID verification is required.
The platform displays live prices that match real market movements using its own pricing system.
You can exchange directly without using external exchanges or transferring coins between wallets.
CoinFutures also has simple yes or no trading options “predictions” on the site, which works like binary options but with less complexity.
Choose any coin and choose a time interval as short as 60 seconds. Then predict whether the price will rise or fall. If you are right, you have a fixed payment. If you are wrong, you lose only what you put in.
Start from download the CoinFutures app.
You can fund your account with stablecoins like USDT or USDC, major cryptocurrencies like BTC and ETH, or credit cards for Apple Pay, Google Pay, or PIX.
After your deposit cleared, choose XRPchoose how much leverage you want, and make your trade.
