XRP Price Poised for Short-Term Boost: Technical and Fundamental Signals Point to Potential Rise

Recent technical indicators are signaling a potential short-term surge in the XRP price. Odaily reports that XRP has surged nearly 21% from its November 21 lows, with various technical, on-chain, and fundamental factors pointing towards a rise to $2.80 in the near term. Analysts highlight key signals: Crypto Batman’s observation of a bullish pennant pattern on the four-hour chart suggests potential for a further price increase if XRP closes above the upper trendline at $2.22. This could propel it toward its target price of $2.80. Meanwhile, the daily chart’s V-shaped reversal pattern and positive MACD crossover are additional support to this bullish outlook.