XRP Price Forecast: Analysts Confident in $8.5 Breakout by November

Jakarta, Pintu News – A market analyst recently shared his prediction that the price of XRP (XRP) could surge until November, in line with bullish Fibonacci levels.

Currently, XRP is struggling around $3, a level that has been a “magnet” for weeks. The price briefly dipped below this level, but quickly recovered and is now trading around $3.03 – a fairly vulnerable position.

XRP Eyes Breakout from Wedge Pattern

Amidst the current price uncertainty, renowned trader Papa shared a chart that indicates that XRP may soon be coming out of its push-pull phase. According to his analysis system, he expects XRP to reach a price of $8.50 by November, which corresponds to the Fibonacci 3.618 extension at $8.5177.

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For background, the chart shows that throughout 2024, XRP moved in a narrow range between $0.49 and $0.65. While this may seem stagnant, this period of flat movement lays the groundwork for a potential major breakout later in the year.

The breakout occurred ahead of the US elections in November 2024, which prompted XRP to surge sharply to a range of $2.5 to $3.4. This surge peaked at $3.4 in January 2025. After the big rally, XRP went through a consolidation phase for most of 2025.

The price continued to move up and down in the range of $2 to $3.4, until finally another breakout took the price to a new peak of $3.66 in July 2025. After that, XRP went back down and traded between $2.4 and $3.4.

Within this range, XRP formed a falling wedge pattern, which is often considered a signal of bullish trend continuation.

XRP Targets $8.5 in November

Currently, XRP is just below the upper boundary of the wedge pattern formed, pressing against the area of long-term resistance drawn from the previous peak at $3.66. If the price manages to break this upper boundary and cross $3.66, then it could be the initial trigger for a larger upside move.

Notably, XRP’s Relative Strength Index (RSI) spiked during the initial rally, but then formed lower peaks as the price leveled off. Recently, the RSI has risen again to around the 62 level, signaling that buying strength is returning.

If the RSI downtrend line is successfully broken, it will be a confirmation that the momentum has turned in favor of the bullish side.

The data on the chart shows the roadmap created by Papa along with important Fibonacci levels. Specifically, if XRP manages to break $3.64, the first target is at the 1,618 extension around $4.45. If the push continues, the next target is the 2,618 extension at around $6.15, and the most ambitious target lies at the 3,618 extension at around $8.52.

From the current price of $3.11, reaching that target high would represent a gain of more than 170%.

XRP’s Bullish Outlook Remains Strong

Meanwhile, other analysts also see reasons to remain optimistic about XRP’s movement. Khonshu Arc mentioned that XRP’s September low, around $2.7, was a pivotal point that kept the uptrend intact.

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According to his Elliott Wave analysis, as long as this level is not broken below, XRP still has a chance to head towards $4.30 to $5.00. He also marks $3.39 as an early strength signal, but warns that if the price drops below $2.7, then the bullish scenario could be considered a failure.

Analyst Ali Martinez added that the TD Sequential indicator recently flashed a buy signal. For those unfamiliar, this indicator usually indicates that a potential rebound or price bounce is imminent.

In addition, Man of Bitcoin observed that XRP briefly retested the downtrend line from above. He acknowledged that the price correction that occurred seemed deeper than usual for an initial corrective wave, but maintained his analytical structure as XRP is known to be volatile.

Overall, the bullish sentiment towards XRP is still quite strong, with various technical indicators and analyst views supporting further upside potential.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Analyst Predicts XRP Price by November Aligning with Fib 3.618. Accessed on September 17, 2025