**XRP Technical and On-Chain Signals Point to Potential Rally Toward $3**
XRP (XRP) is showing multiple bullish technical and on-chain indicators suggesting a possible rally to the $3 mark over the coming weeks. Here are four key charts and factors supporting a near-term breakout.
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### Bull Flag Breakout Targets $2.97
The four-hour chart reveals that XRP has validated a bull flag pattern after breaking above the flag’s upper resistance boundary at $2.63 earlier this week. A close above this level on the four-hour timeframe would pave the way for a further rise toward the pattern’s measured target at $2.92 — representing an approximate 12% gain from current prices.
Bull flags are classic bullish continuation patterns, and XRP’s clearance above this trendline indicates the altcoin is likely to resume its upward momentum. The Relative Strength Index (RSI) remains in positive territory around 60, further supporting the potential for continued upside movement.
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### Classic Inverse Head-and-Shoulders Pattern Points to $3.02
XRP’s price action has also formed an inverse head-and-shoulders (IH&S) pattern on the three-hour chart, a bullish technical formation characterized by three troughs—a lower “head” between two higher “shoulders.” A breakout above the neckline of this pattern usually signals a strong upward price surge.
Analyst BlockBull highlighted the pattern on social media, asking whether XRP could reach $3 before the upcoming Federal Reserve meeting. The projected target calculated by adding the height of the pattern to the breakout point at $2.50 is $3.02, roughly a 14% increase from current levels.
Similarly, analyst Altcoin Gordin noted an “absolutely perfect move up from the right shoulder,” positioning XRP to reach $3 and potentially beyond.
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### Declining XRP Supply on Exchanges Signals Strong Accumulation
On-chain data from Glassnode reveals a significant decrease in XRP supply on exchanges over the last month. Between September 20 and October 29, the XRP balance on centralized exchanges dropped by around 1.4 billion tokens—from 3.9 billion to 2.57 billion.
This sharp decline stems from record outflows, with centralized exchanges seeing a net position change of -2.78 million XRP—the highest ever recorded. Reduced supply on exchanges typically signals strong holder accumulation and diminished selling pressure, which supports upward price potential.
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### Positive 90-Day Spot Cumulative Volume Delta (CVD) Indicates Sustained Demand
Data from CryptoQuant shows that the 90-day spot taker cumulative volume delta (CVD) for XRP has turned positive since October 14. The CVD measures the net difference between buy and sell volumes over time. A positive reading means that buy orders (taker buys) have outpaced sells, reflecting growing demand in the market.
This renewed buying dominance suggests traders’ optimism and accumulation, even amid recent price pullbacks. If the CVD remains positive, buyers are likely to maintain momentum, potentially driving another upward price wave as seen in previous rallies.
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### Conclusion
Technical chart patterns, combined with on-chain supply metrics and cumulative volume data, collectively point toward a strong potential rally for XRP to the $3 level in the near term. However, it is important to remember that all investments carry risk, and market conditions can change rapidly.
*This article does not constitute investment advice or recommendations. Readers should perform their own research and consider their risk tolerance before making trading decisions.*
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