These four XRP price charts predict a rally toward $3
Multiple technical and on-chain indicators suggest XRP could rally toward $3 in the coming weeks.Summary
XRP is showing several technical and on-chain signals that point toward a potential rally to $3 in the near term. Technically, the four-hour chart indicates a valid bull flag pattern, targeting $2.92 upon breaking resistance at $2.63. Furthermore, the three-hour chart displays an inverse head-and-shoulders pattern, projecting a target of $3.02. On-chain data supports this bullish outlook, as the XRP supply on exchanges has significantly decreased by 1.4 billion tokens since September 20, signaling strong accumulation and record outflows from centralized exchanges. Additionally, the 90-day spot taker cumulative volume delta (CVD) has turned positive, indicating that buyer volume is currently dominating seller volume, which suggests sustained demand for an upward price movement.
(Source：Cointelegraph)