XRP Price Forecast: Potential $3 Rally Fueled by Institutional Accumulation and Exchange Supply Squeeze

XRP is positioned for a significant upward trajectory in November, with technical indicators and market fundamentals suggesting a potential surge toward the $3 price level. This bullish outlook stems from two critical developments currently reshaping the XRP landscape. First, Evernorth’s strategic accumulation of approximately $1 billion in XRP demonstrates substantial institutional confidence in the digital asset. This massive position acquisition represents one of the most significant institutional moves in the XRP market this year, potentially signaling broader institutional adoption. Simultaneously, exchange reserves for XRP continue to diminish, creating what analysts describe as a growing supply shock. As available XRP on trading platforms decreases while demand increases, the fundamental economic principle of constrained supply meeting rising demand could propel prices substantially higher. Market analysts note that these converging factors—major institutional investment coupled with tightening exchange liquidity—create ideal conditions for price appreciation. While cryptocurrency markets remain inherently volatile, the current technical setup combined with these fundamental drivers suggests XRP could test previously unseen resistance levels throughout November, with the $3 mark representing a key psychological and technical target that aligns with both Fibonacci extension levels and historical price discovery zones.