XRP Surges 8.7% in Market Rebound: What’s the Next Price Target?

XRP rockets upward as crypto markets find their footing—but how sustainable is this rally?

The 8.7% surge

XRP defies gravity with an impressive 8.7% climb, leading the charge in today's market recovery. Trading volumes spike as buyers return, pushing the digital asset past key resistance levels that had been holding it down for weeks.

Technical breakout territory

Chart patterns suggest this isn't just a dead cat bounce. The move comes with legitimate technical confirmation—breaking above moving averages that had previously acted as ceilings. Momentum indicators flash green across multiple timeframes.

Market sentiment shift

Fear transforms to cautious optimism as institutional money cautiously dips back into digital assets. XRP's relative strength against Bitcoin suggests this could be more than just a sympathy move with the broader market.

The road ahead

Next resistance sits at psychological price levels that have rejected previous rallies. A clean break could open the path for significantly higher valuations—while failure here would confirm this was just another fakeout in crypto's endless cycle of hope and disappointment. Because nothing says 'stable investment' like an asset that moves 8.7% before your morning coffee cools.

Why Did The Cryptocurrency Market Crash?

XRP had a bullish beginning in 2025. The asset breached the $3 mark in January for the first time in seven years. XRP also hit a new all-time high of $3.65 in July. The bullish milestones can be attributed to the settlement of the SEC vs. Ripple lawsuit. Investor confidence went up, and the asset saw a massive spike in inflows.

The recent market correction was likely due to the ongoing trade spat between the US and China. President TRUMP has announced 100% tariffs on China from November. The move was a response to China’s limiting its rare earth exports, which are necessary for the tech industry. XRP and the other risky assets took a big hit after the development.

Is XRP’s Price Prediction Bullish For This Month?

There is a high chance that XRP and the larger crypto market will recover over the coming weeks. The Federal Reserve is expected to reduce interest rates once again after its next meeting. Another rate cut could trigger a market-wide rally.

CoinCodex analysts anticipate XRP to rally over the next few weeks, but not by much. The platform predicts XRP will trade at $2.87 on Nov. 1. Hitting $2.87 from current price levels will entail a rally of about 12.11%.

Moreover, the SEC will announce its decision on several XRP ETFs later this month. A positive decision could lead to XRP climbing to new heights.