🚨 XRP Surge Alert: Price Set to Hit $3 as Exchange Reserves Drop to 5-Year Low 🔅

Recent technical and on-chain analyses suggest that XRP may be poised for a sharp rally, potentially reaching $3 in the coming weeks. Key patterns, declining exchange supply, and increasing on-chain demand point to bullish momentum building around the cryptocurrency, fueling optimism among traders and investors in the broader crypto markets.

🌐Bull flag breakout and inverse head-and-shoulders pattern project $3 XRP price.

1️⃣Declining XRP supply on exchanges and record outflows indicate strong accumulation trends. 90-day spot CVD turns positive, signaling sustained buyer interest and potential upside. Technical setups, including breakout targets and pattern confirmations, reinforce bullish sentiment. Institutional and large holder activity supports the possibility of a significant price surge.

2️⃣XRP has recently demonstrated several compelling technical and on-chain signals pointing towards a potential rally to $3. Market analysts highlight patterns such as bull flags and inverse head-and-shoulders, alongside record exchange outflows, which together suggest increasing accumulation and buying pressure that could propel the digital asset higher in the short term.

3️⃣XRP price bull flag pattern targets $2.97 The four-hour chart reveals XRP validating a classic bull flag pattern. After breaking above resistance at $2.63 on Wednesday, a four-hour close above this level could validate a measured move toward $2.92 representing roughly a 12% increase from current levels.

🌐XRP/USD four-day price chart.

1️⃣Bull flags are typically continuation patterns, and XRP's recent breakout indicates the trend could extend further. Moreover, the relative strength index (RSI) remains at a healthy 60, reinforcing the overall bullish setup.

2️⃣Projected $3.02 XRP target based on classic chart formations

3️⃣Additionally, XRP's price has formed an inverse head-and-shoulders pattern on the three-hour chart, a bullish indicator suggesting a possible rise to $3.00 or beyond.

4️⃣An inverse H&S pattern typically resolves with a breakout above the neckline.
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