While XRP is showing strength in the short term after regaining the $2.60 support, an artificial intelligence (AI) model suggests the asset is likely to trade below the $3 mark by November 1.
Indeed, after facing the threat of dropping below $2 amid a broader market sell-off, XRP has gained over 2% in the last 24 hours, trading at $2.61 as of press time. Meanwhile, over the past week, the asset is up more than 11%.
Regarding the price outlook for November 1, Finbold turned to OpenAI’s ChatGPT, which offered several price scenarios for XRP, indicating that the most likely level will be around $2.90. The model places the cryptocurrency within a confidence range of $2.85 to $2.95, reflecting steady bullish momentum heading into November.
According to ChatGPT’s analysis, XRP’s breakout above the $2.50 level represents a crucial psychological and technical shift after weeks of resistance. Trading volume around $2.60 has strengthened, signaling genuine buying interest rather than a short-term speculative move.
The AI model also highlighted XRP’s tendency to move in rapid 8% to 10% bursts when momentum builds. With broader crypto sentiment remaining positive, XRP could make another upward push, testing the $3 mark before the start of November.
Key resistance, as identified by ChatGPT, lies between $2.95 and $3, while solid support ranges from $2.50 to $2.55. A daily close above $2.80 would likely confirm a sustained breakout, whereas a slip below $2.60 could trigger a brief correction toward $2.45 and $2.50.
ChatGPT’s forecast also factors in market indicators such as the Relative Strength Index (RSI), estimated to be in the mid-60s ,a range suggesting that XRP still has room to rise without being overbought. Additionally, Bitcoin’s (BTC) current consolidation phase provides altcoins like XRP a chance to extend gains in the short term.
Meanwhile, insights shared by cryptocurrency analyst CryptoRus in an X post on October 26 indicate that XRP’s open interest on Binance has plunged to the same lows seen in May 2025, when a similar flush triggered a rally from $0.70 to $3.50.
This time, despite the sharp drop in leverage, XRP is holding above $2.60, signaling that strong holders remain in control.
The reset suggests speculative positions have been cleared, leaving room for new liquidity to drive the next move.
