Key insights:
The breakout of the bull flag and inverse head-and-shoulders pattern suggests a target of $3 for XRP price.
A significant drop in XRP exchange activity and record outflows indicate robust accumulation.
The 90-day spot CVD has turned positive as taker buy volume prevails, showing persistent demand for a price increase.
XRP (XRP) is showing various technical and on-chain indicators that point to a potential rally to $3 in the upcoming weeks. Here are four charts supporting the case for a near-term breakout.
XRP price bull flag pattern points towards $2.97
The four-hour chart illustrates XRP validating a bull flag pattern after the price surpassed the resistance level of the flag’s upper boundary at $2.63 on Wednesday.
A close above this level will pave the way for XRP’s rise towards a target of $2.92, indicating a 12% increase from the current price.
Bull flags are generally considered bullish continuation patterns, and XRP’s breakthrough above the flag’s upper trendline suggests the altcoin is likely to continue its recovery.
The relative strength index remains in a favorable position at 60, indicating that market conditions still support upward movement.
Traditional chart pattern indicates $3.02 XRP price
Recent price movements of XRP have formed an inverse head-and-shoulders pattern on the three-hour timeframe, implying a potential surge to $3, according to analysts.
An inverse head-and-shoulders (IH&S) pattern, characterized by three troughs, consists of a lower “head” flanked by two higher “shoulders.”
According to technical analysis, a breakout above the pattern’s neckline may lead to a significant price increase.
Related: Ripple-supported Evernorth approaches the launch of a publicly traded XRP treasury
“$XRP has established an inverse H&S structure,” noted analyst BlockBull in a post on X showcasing the altcoin’s price action on the three-hour chart, adding:
“Could $XRP Reach $3 before Wednesday’s Fed Meeting?”
The anticipated target for this pattern, calculated by adding the height to the breakout point at $2.50, is $3.02, representing a 14% rise from the current level.
As pseudonymous analyst Altcoin Gordin mentioned, an “ideal move up from the right shoulder” will lead to XRP price reaching $3 and beyond.
Absolutely PERFECT move up from the right shoulder.$XRP is going to send & NOTHING will stop it.
Do you understand? pic.twitter.com/RT6S5CbOC1
— Gordon (@AltcoinGordon) October 24, 2025
As Cointelegraph highlighted, XRP is exhibiting strong bullish indicators, with Evernorth’s $1 billion accumulation and record outflows from exchanges stoking expectations of a surge toward $3 this November.
Reduced XRP supply on exchanges
The supply of XRP on exchanges has significantly diminished over the past 30 days, as indicated by data from Glassnode.
The chart below reveals that the XRP balance on exchanges fell by 1.4 billion tokens to 2.57 billion on Oct. 29 from 3.9 billion on Sept. 20.
The decrease in supply on exchanges suggests that holders are less inclined to sell, reinforcing XRP’s upside potential.
This sharp decline in supply is attributed to record outflows, with the net position change for XRP on centralized exchanges decreasing by 2.78 million, the highest amount recorded, according to Glassnode data.
These outflows often indicate considerable accumulation by larger holders, alleviating immediate sell-side pressure and bolstering the likelihood of XRP’s rebound to $3.
Positive 90-day CVD favors XRP bulls
Evaluating the 90-day spot taker cumulative volume delta (CVD) highlights the extent to which sellers have relinquished control since Oct. 14.
Data from CryptoQuant illustrates that buy orders (taker buy) have regained dominance in the market. This means more buy orders are now being placed than sell orders.
This indicates sustained interest despite recent market pullbacks, generally signaling that prices may recover from the current levels.
CVD tracks the difference between buy and sell volume over three months. A positive CVD also reflects optimism among traders, who are actively accumulating.
If the CVD stays favorable, it suggests that buyers are not retracting, setting the stage for another potential upward movement, as observed in previous rallies.
This article does not offer investment advice or recommendations. Every investment and trading action carries risk, and readers are advised to conduct their own research before making decisions.
