According to Odaily, XRP has seen a significant rebound of nearly 21% since hitting its low on November 21st. This upward trajectory is being fueled by a confluence of technical, on-chain, and fundamental indicators. Crypto analyst Crypto Batman points to the four-hour chart’s bullish pennant pattern as a strong sign, suggesting potential price increase to $2.80 in the short term. A V-shaped reversal pattern on the daily chart and a bullish crossover in the Moving Average Convergence Divergence (MACD) further support this price rebound towards $2.70. 45% decrease in XRP exchange balances over the past 60 days, as revealed by Glassnode data, suggests a lack of selling pressure from holders. Meanwhile, CryptoQuant’s 90-day spot cumulative volume delta (CVD) reveals positive values, indicating a dominance of buy orders and demand recovery.