What to Know:
- XRP historically performs strongly in November, averaging an 81% gain.
- Coinbase reported $1.8 billion in revenue and launched numerous new products.
- Bitcoin is showing its first bearish signal since breaking $88,000.
The first week of November sees Bitcoin trading around $110,513, while Ethereum aims to stay above $4,000, and XRP begins the month at $2.51. With traditional equities slowing, cryptocurrencies have an opportunity to trade independently, driven by positioning rather than immediate macro headlines. This could set the stage for interesting movements across the crypto market.
XRP’s historical performance in November is noteworthy, with an average gain of 81% over the past decade, according to CryptoRank. Currently, XRP is up over 200% year-to-date, supported by a cushion around $1.80-1.60, while facing resistance in the $3.10-3.20 range. If historical trends hold, this month could be significant for XRP.
Coinbase is closing out 2025 strong, with CEO Brian Armstrong highlighting a “big month” after reporting $1.8 billion in net revenue. The company has actively expanded its services, including partnerships with Citi and Samsung, as well as advancements in DeFi and DEX trading. COIN stock reflects this steady growth, supported by real activity rather than just retail sentiment.
Bitcoin is showing its first potential signs of weakness since its breakout above $88,000. Trader DonAlt pointed out the first bearish signal, suggesting a possible cooling-off period unless BTC reclaims the $113,000 level. While long-term holders remain steadfast, short-term traders are showing signs of fading, which could lead to a leverage reset and potentially set the stage for a strong December.
Overall, the crypto market enters November with a mix of opportunities and caution. XRP’s historical strength, Coinbase’s expanding influence, and Bitcoin’s potential pullback create an interesting landscape. The market is currently assessing sentiment before the next major decision point, with technicals likely to drive direction in the short term, especially with light macro catalysts scheduled.
Source: Original article
