key takeaways:
-
The XRP price has increased by 4% to $ 2.43 in the last 24 hours, and its open interest has increased by 25%.
-
The positive spot market activity futures flipped the funding rate positive, which suggests the return of investor optimism.
-
If a classic bull flag pattern is confirmed, XRP can rally up to $ 14.
The XRP printed a “bull flag” triangle on the weekly chart, a technical pattern connected to a strong upward speed. Breaking over this technical setup and an increase in XRP futures demand can indicate a rally up to $ 14.
OI growing with XRP price
XRP (XRPRose together) Comprehensive crypto market On 22 May, fuel by bitcoin rally Fresh all-time high of $ 111,000 high,
The XRP was priced more than 5.5% for Intrade High of $ 2.45 from a low of $ 2.33 on 22 May on 22 May.
Its open interest (OI) Climbed 25% in the last 24 hours to $ 4.95 billion on 22 May, indicating the return of derivative traders and the return of more capital in the market.
Historically, the significant leap in OI has been before the major rallies in the XRP value. For example, the current landscape reflects an increase in XRP price when US President Trump is Trump Directed the construction of a Crypto Strategic Reserve To include XRP, SolanaFifth note of musical scale), And cardamADA) In early March, between March 2 and March 3, it jumped from $ 3.05 billion to 46% to $ 4.63 billion.
Connected: Why is the crypto market today?
It was with one 36% increase in XRP price The same period at a high level of $ 2.96 from a low of $ 2.17.
Meanwhile, the finance rate of XRP’s 8 -hour evergreen contracts was 0.0126% on 22 May, improvement from the level of 0.0033% viewed on 21 May. It is now recorded much more than three weeks ago -0,0005%. This suggests that there is an increase in the boom among derivative retail traders.
Is XRP price for double digits?
XRP/USD is well deployed to resume the pair Rapid speed As it paints a classic rapid pattern on the chart.
XRP’s value action has formed one Bull flag The pattern on the weekly chart since November 5, 2025, as shown in the figure below. A weekly candlestick will produce another rally above the upper range of the flag at $ 2.48.
The target is set from the height of the flagpole, which comes around $ 14.50, which is an increase of about 500% from the current value.
Other bullish indicators include support provided by simple moving average sitting between $ 2.20 and $ 2.30 on the daily time limit Relative Strength Index Resettling just above 50 marks.
Many analysts also have Preditable for further benefits for XRPCharts citing the price above technical and major support levels.
Market analyst dome Thrown light on The price of that XRP is perfectly above the monthly and quarterly quantity-loving average prices (VWAPS) of $ 2.32 and $ 2.27.
The analyst insisted that AltCoin would have to flip all-time high VWAP at $ 2.47 to maintain rapid continuity.
“Tiger Ath VWAP (Green) has to be cleaned for a leg up. Look closely to the bulls to do so soon.”
As Cointelegraph said, XRP may have a value Growth between $ 5.24 and $ 17 The 2025 is based on a symmetric triangle target and fibonacci estimates.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
