XRP’s Short-Term Resilience and Future Price Outlook
In recent movements, XRP has demonstrated admirable resilience, managing to reclaim support at the $2.60 level. However, an advanced artificial intelligence (AI) model forecasts that the cryptocurrency may struggle to surpass the $3 threshold by the start of November.
Despite the looming threat of falling below the $2 mark during a widespread market downturn, XRP has experienced a notable uptrend, rising over 2% in the last 24 hours. As of the latest update, XRP is trading at $2.61, marking an impressive 11% increase over the past week.
XRP Price Forecast for November
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In anticipation of November 1, insights from OpenAI’s ChatGPT suggest that XRP could settle around $2.90. The model predicts a potential trading range between $2.85 and $2.95, indicating a stable bullish trajectory as we approach November.
According to ChatGPT’s evaluation, XRP’s move beyond the $2.50 barrier signifies a pivotal psychological and technical advancement following weeks of resistance. The trading volume at the $2.60 mark suggests genuine buyer interest, contrasting with mere speculative trading.
The AI model also highlights XRP’s pattern of making swift 8% to 10% surges when momentum is favorable. Given the generally positive sentiment in the cryptocurrency market, XRP may attempt another upward thrust, potentially testing the $3 mark before November begins.
ChatGPT identifies critical resistance zones between $2.95 and $3, while solid support is observed from $2.50 to $2.55. A daily closing price above $2.80 could confirm a continued breakout, whereas a decline below $2.60 might lead to a temporary retracement towards $2.45 to $2.50.
Market Indicators and Influences
ChatGPT’s predictions incorporate various market indicators, including the Relative Strength Index (RSI), which is expected to be in the mid-60s. This range suggests that XRP has the potential for further gains without being classified as overbought. Furthermore, Bitcoin’s (BTC) current consolidation phase offers altcoins like XRP an opportunity to achieve short-term growth.
XRP’s Decline in Open Interest
In an analysis shared by cryptocurrency expert CryptoRus, a recent post on October 26 revealed that XRP’s open interest on Binance has plummeted to levels last seen in May 2025. During that period, a similar dip led to a significant rally from $0.70 to $3.50.
This time, despite the notable reduction in leverage, XRP maintains a position above $2.60, indicating that steadfast investors continue to exert control. Such a reset implies that speculative positions have been cleared, paving the way for fresh liquidity to drive future movements.
Overall, while XRP’s short-term prospects appear robust, its journey towards surpassing the $3 mark remains a subject of keen observation. The cryptocurrency’s performance will likely depend on broader market dynamics, technical indicators, and investor sentiment in the coming weeks.
