XRP (XRP) has recovered nearly 21% from lows below $2 hit on November 21 as multiple technical and on-chain signals put a goal of $2.80 close by.
Key Takeaways:
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XRP technical chart setups are approaching a goal of $2.80.
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A declining offer on the stock exchanges indicates an absence of intention on the a part of the holders to sell and thus signals a long-term conviction.
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Spot takers’ positive CVD persists and sustained XRP ETF inflows suggest confidence amongst buyers.
XRP/USD day by day chart. Source: Cointelegraph/TradingView
XRP price bullish pennant targets $2.80
The four-hour chart shows XRP price trading with a bull pennant, suggesting a powerful upward move once the pattern is confirmed.
“$XRP is looking really solid here,” analyst Crypto Batman said in an X post on Friday, adding:
“Not only has it reclaimed its previous support, but it’s also breaking out of a classic bullish pennant, a powerful continuation pattern.”
A four-hour candlestick close above the pennant's upper trendline at $2.22 will pave the way in which for XRP to rise toward the bull pennant goal at $2.80, a 25% increase from current price.
The Relative Strength Index has risen from an oversold state of 23 on November 21 to 55, indicating a major increase in bullish momentum.
As Cointelegraph reported, a break above the 20-day EMA at $2.20 could signal a possible trend reversal and encourage buyers to push the XRP/USD pair towards the upper boundary of the descending channel at $2.70.
XRP’s V-shaped recovery pattern targets $2.70
Zooming out, XRP's price motion since early November forms a V-shaped recovery chart pattern on the day by day chart, as shown below.
The XRP/USD pair is now trading below a key supply zone between $2.30 and $2.63, where all major easy moving averages (SMAs) are situated.
Bulls must push the worth above this area to extend the possibilities of the worth rising to the neckline at $2.70 and completing the V-shaped pattern. Such a move would mean a price increase of 23% from current levels.
XRP bulls also needs to be encouraged by the Moving Average Convergence Divergence (MACD) indicator, which signals a bullish cross and stronger bullish momentum.
As the “MACD turns green and RSI recovers, XRP’s momentum is slowly returning,” analyst Terra Army said in an X post, adding:
“If XRP recaptures the $2.30 to $2.40 range with volume, things could get exciting again.”
Declining XRP supply on exchanges is bullish
As data from Glassnode shows, there was a major decline in XRP supply on exchanges over the past 60 days.
The chart below shows that the XRP balance on exchanges fell by greater than 45% to 2.6 billion tokens on Thursday from 3.95 billion XRP on September twenty first.
A declining exchange balance indicates an absence of intention from holders to sell, reinforcing the upside potential for XRP.
“XRP reserves on Binance are collapsing as holders remove XRP from exchanges,” said X user BD, adding:
“Less selling pressure is a greater start line for a later big move.”
🚨 UPDATE: Binance's XRP reserves have fallen to about 2.7 billion, certainly one of the bottom levels ever, as regular outflows show investors withdrawing tokens from the exchange. pic.twitter.com/qm3yOQ2T6k
– Cointelegraph (@Cointelegraph) November 27, 2025
XRP spot taker CVD signals high buyer volume
Analysis of the 90-day Spot Taker Cumulative Volume Delta (CVD) shows that taker buy orders have develop into dominant again. CVD measures the difference between buying and selling volume over a three-month period.
By the top of October, seller pressure dominated the order book, with the XRP/USD pair plummeting to multi-month lows of $1.58 on October 10.
A positive CVD (green bars within the chart below) indicates a recovery in demand with buyers taking control.
If the CVD stays green, it will mean that buyers aren’t giving in, which could set the stage for an extra rise as historical rallies show.
The chart above suggests that more buy orders than sell orders are being placed available in the market.
This indicates continued demand despite the recent rally and customarily suggests that price could proceed its upward trend.
Spot XRP ETFs produce nine-day inflow streak
The continued demand for XRP might be attributed to US-based spot XRP exchange-traded funds (ETFs) that continued to draw investor interest. These investment products have recorded nine consecutive days of inflows since their launch, highlighting institutional demand.
U.S.-based XRP ETFs gained $2.81 million on Thursday, leading to cumulative inflows of $643 million and total net assets of over $767 million, based on SoSoValue data.
The 21Shares spot XRP ETF is predicted to go survive Monday and more ETFs are still awaiting approval, which could provide much more tailwind to the XRP price.
JUST IN: 🇺🇸 21Shares spot $XRP ETF will go survive Monday.
Optimistic about XRP 🚀 pic.twitter.com/ke7hH8VnRO
— Ash Crypto (@AshCrypto) November 28, 2025
As Cointelegraph reported, several indicators suggest that XRP is bullish at current prices, reinforcing the potential for an increase towards $3.30-$3.50 in the approaching weeks.
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision.
