Prepare for the $3 XRP Rocket – These 4 Charts Say It’s Happening!

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Key takeaways:

  • The bull flag breakout and inverse head-and-shoulders pattern both target a $3 XRP price. Oh, the drama! 💰

  • Record-breaking XRP outflows indicate strong accumulation. Don’t you love a good buildup? 😏

  • The 90-day spot CVD turning positive shows taker buy volume is dominating, meaning demand is here to stay. A rally? More likely a stampede! 🚀

XRP (XRP) is currently flashing a dazzling array of technical and on-chain signals, each more dramatic than the last. Could this lead to a rally towards $3 in the coming weeks? The answer, dear reader, is most certainly yes, or at least that’s what these four charts are hinting. Let’s dive into the visual symphony of bullish signals!

XRP price bull flag pattern targets $2.97

The four-hour chart reveals a stunning bull flag pattern, as XRP recently broke through its upper boundary at $2.63 like a starlet stepping onto the red carpet. A four-hour close above this level would be the green light for a surge to $2.92, a modest 12% climb from the current price. Exciting, right? Or is it just me? 😏

Ah, the classic bull flag-one of those technical patterns that could make anyone blush. With XRP soaring above the flag’s upper trendline, it seems this altcoin is ready for its comeback tour. 🎤

The relative strength index (RSI) is still happily nestled in the positive zone at 60, suggesting the market is not quite ready to throw in the towel. Still bullish, it seems. Who wouldn’t be?

Classic chart pattern projects $3.02 XRP price

But wait! There’s more. XRP has also formed an inverse head-and-shoulders pattern on the three-hour chart, which is essentially the technical equivalent of a surprise twist in a soap opera. 🎬 Analysts are now calling for a potential rally to $3, which would be just perfect timing, wouldn’t it?

An inverse head-and-shoulders pattern is like a dramatic love triangle: a “head” nestled between two “shoulders,” and if the price breaks above the neckline, expect fireworks. 💥

“Could $XRP Reach $3 before Wednesday’s Fed Meeting?” ponders BlockBull in a rather daring post. Who knew financial analysis could sound so mysterious?

“$XRP has printed an inverse H&S pattern,” said BlockBull, holding onto their hat as they predict an upward surge.

And according to analyst Gordon (aka AltcoinGordon), XRP is about to make a “perfect move up from the right shoulder,” which, honestly, sounds like something straight out of a Greek tragedy. 🌟

“Absolutely PERFECT move up from the right shoulder. $XRP is going to send & NOTHING will stop it.”
Do you understand? 😈

– Gordon (@AltcoinGordon)

Let’s not forget CryptoMoon’s report, where it states that XRP’s bullish signals are as clear as day, with a massive $1 billion accumulation by Evernorth and record outflows from exchanges. They’re all just waiting for XRP to take off like a rocket. 🚀

Decreasing XRP supply on exchanges

Now, a bit of a plot twist for you: XRP supply on exchanges has decreased dramatically over the past 30 days. According to Glassnode, XRP’s exchange balance dropped from 3.9 billion tokens on September 20 to 2.57 billion on October 29. Hold onto your seats, folks. This isn’t just a dip; it’s a dramatic plunge! 😱

The reduced supply suggests a distinct lack of selling intentions, which could mean we’re in for quite a bullish ride. Call it what you will, but the signs are there.

And the story doesn’t end there-record XRP outflows from exchanges have hit an all-time high, with net position changes dropping by a massive 2.78 million. This, of course, signals big accumulation by those with deeper pockets than most market since October 14. Taker buy volume is the name of the game here, meaning more people are buying than selling. You know what that means? It’s not just a rally. It’s an avalanche. 🏔️

Data from CryptoQuant confirms that this surge in buy orders signals sustained demand for XRP. In simpler terms: the market is as eager as a kid on Christmas morning. 🎁

If this CVD stays positive (which, let’s be real, it looks like it will), XRP could be gearing up for yet another upward movement. As history has shown, if there’s one thing XRP knows, it’s how to make an entrance. 😎

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2025-10-29 16:22