**[Opinion: XRP Technical Chart and On-Chain Data Suggest a Short-Term Rebound to $2.80]** Odaily Planet Daily News: The price of XRP has rebounded nearly 21% from its November 21 low, with multiple technical, on-chain, and fundamental indicators suggesting it may rise to $2.80 in the short term. Technical analyst Crypto Batman stated that XRP's four-hour chart is forming a bullish pennant, which is a strong continuation pattern. If XRP's price closes above the upper trendline of the pennant at $2.22, it could further rise to the pennant target price of $2.80. Additionally, the V-shaped reversal pattern on the daily chart and the bullish crossover formed by the Moving Average Convergence Divergence (MACD) indicator also support a rebound to $2.70. On-chain data from Glassnode shows that the XRP balance on exchanges has dropped by over 45% to 2.6 billion tokens in the past 60 days, indicating a lack of selling pressure from holders. Meanwhile, CryptoQuant's 90-day spot cumulative volume delta (CVD) is positive, suggesting that buy orders dominate and demand is recovering. From a fundamental perspective, the U.S. spot XRP ETF has recorded nine consecutive days of net inflows since its launch, reflecting strong institutional demand. According to SoSoValue data, XRP ETF saw an inflow of $2.81 million on Thursday, with cumulative net inflows reaching $643 million. The 21Shares spot XRP ETF is expected to go live on Monday, and more ETFs are awaiting approval, which could provide additional momentum for XRP's price. (Cointelegraph)