More XRP Metrics are Suggesting a Rally to $2.80 is Now in Play
XRP has rebounded 21% from recent lows, with technical and on-chain indicators suggesting further upside potential. A bull pennant pattern on the four-hour chart targets $2.80 if the price confirms a breakout above $2.22, while a V-shaped recovery on the daily chart points to a $2.70 target if bulls push through resistance at $2.3–$2.63. Momentum indicators, including a rising relative strength index (RSI) and a bullish MACD cross, support this outlook. Exchange data reveals XRP supply has dropped over 45% in two months, indicating reduced selling pressure as holders withdraw tokens from platforms like Binance. The spot taker cumulative volume delta (CVD) shows buy orders outpacing sells, indicating sustained demand. Institutional demand is also strong, with US-based spot XRP ETFs seeing nine consecutive days of inflows, cumulative investments of $643 million, and new ETF launches expected. These factors reinforce a bullish scenario, with the potential for XRP to rise toward $3.30–$3.50 in the coming weeks.
