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As the final business day of the week wraps up, we are advancing into November. This month has witnessed Bitcoin 
$92,177‘s volatility, including both peaks and troughs, while altcoins have generally experienced declining days. Despite Bitcoin’s relative recovery, cryptocurrencies haven’t neared their monthly peaks. Analyst Martinez has outlined the prospective target for XRP Coin.
XRP Coin Developments
The announcement of Ripple 
$2 Prime and the acquisition of three companies this year for XRPL growth have been pivotal. The lawsuit has concluded, and ETF approval appears imminent, yet XRP Coin charts don’t reflect this optimism. Despite reconciliation with China, the altcoins experiencing declines aren’t heeding this, further exacerbated by low trading volumes.
Analyst Ali Martinez noted that XRP Coin failed to surpass resistance levels, predicting the altcoin might find support at $2 in the new month. Should the coin close above $2.6, this downward scenario might be shelved.
Crypto Market Volatility on the Rise
Some analysts are pointing to the MACD crossover, the duration since the bear season low, and weekly RSI indicators suggesting the end of bull markets. However, a majority hold a different view. Strategic reserve moves and regulations suggest more capital entering the crypto space. Numerous major financial institutions will launch crypto services next year.
DaanCrypto highlights the volatility index, indicating a very dynamic period ahead for cryptocurrencies.
“The BTC Volatility Index saw a slight increase in October, following its peak and a major liquidation event on October 10. Since then, liquidity has been low, with market fluctuations within a few percent daily. It’s a rarity compared to previous months. Combine this with the end phase of the cycle and volatility in TradFi, and you have a potent mix for significant movement.”
Washigorira maintains a positive outlook, suggesting the bullish structure remains intact if the $107,300 level isn’t permanently lost. However, breaching this level could drop BTC to $100,000.
