XRP Rallied 75% Last Time This On-Chain Signal Flashed Green: Will History Repeat?

XRP’s (XRP) onchain data is hinting at a major bullish move, one that previously triggered a 75% price rally, just as the market awaits a slew of potential spot ETF approvals and Ripple, the company associated with the token, broadens its Wall Street outreach.

On-Chain Buyers Return as Confidence Builds

The latest signal comes from CryptoQuant’s Spot Taker Cumulative Volume Delta (CVD) metric, which has flipped from neutral to Taker Buy Dominant for the first time since June.

Historically, this shift has marked the start of strong uptrends for XRP, and the charts now indicate that the same setup is forming again.

The Spot Taker CVD measures whether market orders are driven more by buyers or sellers. When the indicator turns green, it means buyers are stepping in aggressively, purchasing XRP at market prices rather than waiting for dips.

This reflects a growing sense of conviction that current prices are undervalued and that upside momentum may be building.

The last time this buy-dominant behavior emerged, in mid-2025, XRP surged roughly 75% within a matter of weeks, climbing from around $1.90 to above $3.30.

Similar patterns can also be seen in late 2024 and mid-2023, each time preceding multi-week rallies.

XRP-Spot ETF Launch Nears as Senate Advances Funding Bill

The US Senate has approved a funding bill to end the government shutdown and passed it to the House of Representatives.

This move raised expectations for the launch of XRP-spot ETFs under the 1933 Act. Canary Funds’ XRP ETF (XRPC) is leading the charge after filing an amended S-1 and Form 8-A, signaling a potential Thursday launch.

Bloomberg’s Eric Balchunas and journalist Eleanor Terrett both hinted at the imminent debut, which would give Canary a first-to-market advantage.

Other issuers, such as Bitwise, Franklin Templeton, and 21Shares, are also poised to follow once the US Securities and Exchange Commission resumes normal operations after the government reopens.

XRP Eyes 37% Rally Within Ascending Triangle Pattern

XRP appears to be consolidating within a bullish ascending triangle pattern, suggesting that its ongoing correction may be nearing an end.

The token recently bounced from the triangle’s lower trendline near $2.00, confirming this zone as key support. The structure now indicates a potential 37% upside move toward the upper boundary, around $3.30, aligning with previous resistance levels.

If buyers manage to break above the upper trendline, the pattern could evolve into a full-fledged bullish continuation setup, with potential targets extending toward $4.80–$5.00.