XRP, the native token of Ripple, is showing bullish signals in its hourly chart after three days of price consolidation. Technical analysis suggests that XRP has broken out of a descending triangle pattern and could soar if it closes a daily candle above $2.48. The altcoin is currently trading above the 200 EMA on multiple time frames, indicating an uptrend. On-chain data also indicates strong interest from whales and institutions, with significant outflows from exchanges in recent days. These factors suggest that XRP could see upward momentum in its upcoming rally. At the time of writing, XRP is trading near $2.35 with a slight price drop and reduced trading volume.



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