Bullish XRP Charts Point to Possible Move Up to $2.80

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XRP’s technical and onchain signals hint at a bullish breakout, with bulls eyeing a significant rally toward $2.80 by the month’s end.

XRP’s price may reach $2.80 by month’s end, according to several bullish technical setups on multiple time frames.

XRP technical chart setups converge on the $2.80 target.

Spot taker CVD remains positive, suggesting confidence among buyers.

XRP falling wedge breakout targets $2.70
The XRP/USD pair broke out of a falling wedge pattern on Jan. 1, as shown on the two-day chart below.

Related: XRP reclaims $2 as fund inflows diverge from broader crypto outflows

In technical analysis, a falling wedge is a classic bullish setup characterized by two downward-sloping, converging trendlines, showing decreasing selling momentum and volume. It often leads to an upside breakout as sellers get exhausted and buyers take control. 

The altcoin is required to hold above the support at $2 to increase its chances of a return toward $2.40. Overcoming this resistance would open the way for a run toward the bullish target of the prevailing chart pattern at $2.70. 

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