XRP Price Prediction For November 4
XRP held its ground this week while stocks fell, and that resilience is now drawing attention. The token is trading near $1.27, up 1.9% in 24 hours, and some traders are watching for a breakout above $1.29 in the near term. According to an analyst, the signs have improved since earlier in the week. A drop to $1.17 is still possible, though.
Buyers Are Soaking Up The Selling
The main signal is what traders call absorption. Over the past day:
Selling pressure rose in both spot and futures markets, measured by cumulative volume delta (CVD)XRP’s price held steady anywayThe token kept its lows even as US stocks slid early in the week and overnight
When prices hold while selling increases, it usually means buyers are quietly taking in the supply. That is often an early sign of strength.
Macro Conditions Have Improved
The broader backdrop has also turned more supportive:
US stocks have bounced and are showing early signs of bottomingOil prices have dropped sharplyThe VIX volatility index is falling
With those conditions in place, XRP now looks more likely to reclaim $1.29 than to fall to $1.17, according to the same outlook.
What The Short-Term Chart Shows
XRP dipped sharply overnight into last week’s value area low, the bottom of the price range where most trading happened. Buyers stepped in quickly. The token then broke above its 7-day rolling volume-weighted average price (VWAP) and is now testing last week’s VWAP.
Funding rates have climbed, which can sometimes signal too many bullish bets. The order flow, however, does not look bearish.
XRP Price Levels To Watch
Stability zone: $1.26 to $1.27, where XRP is expected to hold firstBreakout trigger: $1.29, the low of last month’s value areaFirst upside target: $1.34, if XRP breaks out with enough momentumDownside risk: $1.17, the low of the previous quarter’s value area
The Risk That Could Change The Picture
A move down to $1.17 cannot be ruled out. The main threat is a fresh escalation in the Middle East. If the VIX climbs back into the mid-20s, XRP could still slide toward $1.17, regardless of the US midterm election results.
What Comes Next
For now, XRP’s short-term outlook depends on whether it can close above $1.29. A sustained breakout would open the way to $1.34, and possibly higher on longer timeframes. A rejection would keep XRP stuck in its current range.
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