According to Odaily Planet Daily, XRP prices have rebounded nearly 21% from their November 21 lows, with multiple technical, on-chain, and fundamental indicators suggesting a potential rise to $2.80 in the short term. Technical analyst Crypto Batman stated that the XRP four-hour chart is forming a bullish pennant, a strong continuation pattern. If the XRP price closes above the upper trendline of this pattern at $2.22, it could potentially rise further to the pennant's target price of $2.80. Furthermore, the V-shaped reversal pattern on the daily chart, along with a bullish crossover in the Moving Average Convergence Divergence (MACD) indicator, also supports a price rebound to $2.70. On the on-chain data front, Glassnode data shows that XRP balances on exchanges have decreased by over 45% to 2.6 billion tokens in the past 60 days, indicating a lack of selling pressure from holders. Meanwhile, CryptoQuant's 90-day Cumulative Volume Difference (CVD) for spot takers is positive, indicating that buy orders dominate and demand is rebounding. Fundamental factors show that the US spot XRP ETF has recorded net inflows for nine consecutive days since its launch, indicating strong institutional demand. According to SoSoValue data, the XRP ETF saw an inflow of $2.81 million on Thursday, bringing the cumulative net inflow to $643 million. The 21Shares spot XRP ETF is expected to launch on Monday, and more ETFs are still awaiting approval, which could provide further impetus to the XRP price. (Cointelegraph)
Opinion: XRP technical charts and on-chain data suggest it may rebound to $2.80 in the short term.
2025-11-28 15:27:30
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