The analyst discusses XRP's price action, noting a recovery to $2.54 on October 31st. He highlights a failed expectation of an upside breakout from a consolidation phase and points out the presence of higher lows. A Fibonacci retracement from a recent low to high shows the price skimming the golden ratio, which he interprets as a positive sign with "front running". He observes the price closing above the 0.382 Fibonacci level, suggesting support has been found. On the 1H timeframe, the MACD indicator is set to cross above zero. The analyst suggests a potential move to $2.80 - $2.91 soon, and possibly to the $3.02 - $3.31 range. He observes a downtrend and looks for a break above $3, considering $13.56 as a long-term target.