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%.

XRP price predictions

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.

XRP open interest dips 

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. 

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