How much can price of XRP increase during November?

💡 DMK Insight

XRP’s current price of $2.64 is flirting with a potential breakout, especially with Evernorth’s massive $1 billion accumulation. This accumulation isn’t just a random event; it indicates institutional confidence, which can drive retail interest and create a supply shock. With exchanges seeing dwindling XRP supplies, traders should keep an eye on the $3 resistance level. If XRP can break through that, we could see a rapid ascent, possibly triggering FOMO among retail traders. But here’s the flip side: if the price fails to hold above $2.50, it could signal a bearish reversal, leading to profit-taking and a potential dip back toward lower support levels. Watch for volume spikes as a key indicator of momentum—higher volumes on upward moves will confirm bullish sentiment. The next few days are crucial; a decisive move above $3 could set the stage for a significant rally.