XRP News: Is XRP About to Rally to $2.80? Five Indicators Suggest a Bullish Move

XRP has rebounded nearly 21% from its sub-$2 lows on Nov. 21, and a cluster of technical, on-chain and fundamental signals now point to a potential push toward the $2.80 level in the short term.Key pointsMultiple XRP technical patterns converge on a $2.70–$2.80 upside target.Exchange balances have dropped 45% in 60 days, signaling reduced selling pressure.Spot taker CVD remains firmly positive as demand strengthens.U.S. spot XRP ETFs have logged a nine-day inflow streak, supporting momentum.1. Bull pennant on the 4-hour chart targets $2.80XRP’s four-hour chart shows price breaking out of a clean bull pennant structure. Analyst Crypto Batman noted that XRP has not only reclaimed former support, but is also “breaking out of a classic bullish pennant, a strong continuation pattern.”A confirmed close above $2.22 — the pennant’s upper trendline — would activate the measured-move target at $2.80, roughly a 25% advance from current levels.The relative strength index (RSI) has climbed from oversold (23) to 55, signaling strengthening upward momentum.2. V-shaped recovery pattern points to $2.70Zooming out, XRP has been drawing a V-shaped recovery since early November. Price now sits below a heavy supply zone between $2.30 and $2.63, where several major SMAs cluster.A decisive push above this region would open the path toward the neckline around $2.70, completing the V-reversal structure.The MACD has flipped positive, supporting a continuation move. Analyst Terra Army said a breakout above $2.30–$2.40 with volume could mark the beginning of a stronger trend reversal.3. XRP supply on exchanges drops 45%One of the most bullish on-chain signals comes from exchange balances. According to Glassnode, XRP held on centralized exchanges has fallen from 3.95 billion tokens to 2.6 billion over the past two months — a 45% decline.Falling exchange supply typically reflects long-term conviction, as holders move coins to self-custody and reduce near-term sell pressure.XRP analyst BD summarized it succinctly: “Less sell pressure is a stronger setup for a big move later.”4. Spot taker CVD shows buyers firmly in controlThe 90-day spot taker CVD — a measurement of buyer vs. seller aggression — has turned decisively positive after weeks of persistent sell-side pressure.Green CVD readings indicate that market buys are outpacing sells, reinforcing that buyers are absorbing supply and willing to lift price on the order books.Historically, similar CVD shifts preceded XRP’s strongest recovery phases.5. Spot XRP ETFs log nine straight days of inflowsSustained institutional demand continues to come from newly launched U.S. spot XRP ETFs.According to SoSoValue:Nine consecutive days of inflows$2.81 million added on Thursday$643 million cumulative inflowsOver $767 million in total net assetsThe upcoming launch of 21Shares’ spot XRP ETF on Monday — plus several more awaiting approval — adds another near-term tailwind.Bottom lineWith technical breakouts forming, on-chain selling pressure easing, and ETF inflows accelerating, XRP’s setup appears increasingly constructive. Several indicators support a short-term move toward $2.70–$2.80, with analyst targets extending to $3.30–$3.50 if momentum strengthens into December.