XRP Technical and Onchain Indicators Suggest Possible Rally Toward $3 Milestone

• Multiple technical and onchain indicators signal a strong potential for XRP to rally toward the $3 milestone in the near term.

• Spot taker cumulative volume delta (CVD) turning positive highlights renewed buyer confidence despite recent market volatility.

• According to COINOTAG analysis, XRP/BTC’s bullish divergence suggests a possible 70% upside, reinforcing the case for a significant price breakout.

XRP shows promising technical setups and onchain strength, with key indicators pointing to a potential rally above $3, driven by buyer dominance and bullish divergences.

Falling Wedge Pattern and Ascending Triangle Signal Strong Upside for XRP

The XRP price is currently navigating a falling wedge pattern on the weekly chart, a classic bullish reversal formation. Resistance at the upper trendline near $2.43 remains a critical hurdle. A decisive weekly close above this level would likely trigger a surge toward the wedge’s target of $3.20, marking a 45% gain from current prices.

Complementing this, the daily timeframe reveals XRP consolidating within an ascending triangle, with resistance at $2.60. A breakout above this level could propel XRP to $3.50, representing a 60% increase. This pattern emerged following a robust 70% recovery from a multimonth low, indicating strong momentum building for a sustained uptrend.

XRP Price Support Levels and Market Sentiment

Maintaining support above the psychological $2 mark is crucial for XRP to avoid deeper retracements toward $1.70. Since mid-April, XRP has held above this level, preserving the bullish structure. Market sentiment remains cautiously optimistic as traders monitor these key support zones, which could act as launchpads for further gains.

Bullish Divergence in XRP/BTC Pair Reinforces Upside Potential

The XRP/BTC pair exhibits a notable bullish divergence between price action and the relative strength index (RSI) on the monthly chart. While XRP prices formed lower highs from 2019 to 2025, the RSI trended higher, signaling weakening downward momentum and potential seller exhaustion.

This divergence often precedes trend reversals, suggesting that XRP could outperform Bitcoin in the coming months. Resistance between 0.00002530 BTC and 0.00003375 BTC aligns with the 100 simple moving average, a key technical barrier. A breakout above this zone could ignite a rally toward 0.00003609 BTC, approximately 71% above current levels, coinciding with XRP’s $3 price target.

Technical Patterns Indicate Imminent Breakout

On the daily XRP/BTC chart, an asymmetrical triangle pattern is forming, typically a precursor to a significant price move. This setup supports the possibility of a breakout in the near term, aligning with broader bullish signals seen in XRP/USD charts.

Positive Spot Taker Cumulative Volume Delta Highlights Buyer Strength

Analysis of the 90-day spot taker cumulative volume delta (CVD) reveals a shift toward buyer dominance. Despite a 17% pullback from the May 12 high of $2.65, buy orders have outpaced sell orders, indicating sustained demand and confidence among market participants.

This renewed buying pressure follows a period of sell-side dominance that pushed XRP to multimonth lows in early April. Since May 19, the positive CVD trend suggests traders are actively accumulating XRP, potentially anticipating further upside.

Implications of Sustained Buyer Activity

Continued positive CVD readings imply that buyers are not retreating, which historically correlates with upward price momentum. This dynamic could set the stage for a fresh rally, supported by strong onchain fundamentals and technical setups.

Conclusion

XRP’s technical and onchain indicators collectively point to a promising outlook, with multiple chart patterns and volume metrics supporting a potential rally beyond the $3 mark. The convergence of bullish signals across XRP/USD and XRP/BTC pairs, coupled with sustained buyer interest, suggests that XRP is well-positioned for a significant price advance in the coming weeks. Traders should monitor key resistance levels and volume trends to gauge the strength of this emerging uptrend.