The Taker Buy/Sell Ratio for XRP on Binance reached 1.076, marking a three-month high according to data from CryptoQuant. This indicator, which measures the balance between market buy and sell orders, has shifted above the neutral level of 1, suggesting increased activity from buyers.
Data from analyst Versan Aljarrah indicates that XRP whale holdings have reached their highest supply share since late 2022. Despite this accumulation, the asset's price has seen a decline of approximately 14% over the last 30 days and nearly 30% year-to-date, trading at $1.29 at the time of the report.
Technical analysis by Ali Martinez suggests a potential inverse head-and-shoulders pattern on the daily chart. The key support level is identified at $1.25. A successful defense of this level could lead to a target of $1.55, with a potential further move toward $2.10, while a drop below support could lead to $0.98.
Institutional interest appears to be slowing, with spot XRP ETFs recording net inflows of $10.9 million in October, marking the lowest monthly inflow since their launch according to SoSoValue. This trend may impact the asset's ability to rebound in the near term.
Historical data shows that while the average return for XRP in November is approximately 80%, this figure is heavily influenced by outlier years like 2013, 2014, and 2020. The median return for the month is -10%, with recent years from 2021 to 2025 showing a trend of declines.
