Key takeaways:
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XRP price has gained 4% during the last 24 hours to $2.43, and its open curiosity has risen by 25%.
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Optimistic spot market exercise flips the futures funding fee optimistic, suggesting a return of investor optimism.
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XRP may rally to $14 if a basic bull flag sample is confirmed.
XRP printed a “bull flag” triangle on the weekly chart, a technical sample related to sturdy upward momentum. Breaking above this technical setup and a surge in XRP futures demand may sign a rally to $14.
Growing OI rising with XRP price
XRP (XRP) rose in tandem with the wider crypto market on Could 22, fueled by Bitcoin’s rally to fresh all-time highs above $111,000.
XRP price adopted with as a lot as 5.5% good points to an intraday excessive of $2.45 on Could 22 from a low of $2.33 on Could 21.
Its open interest (OI) climbed 25% during the last 24 hours to $4.95 billion on Could 22, signaling the return of derivatives merchants and extra capital into the market.
Traditionally, vital leaps in OI have preceded main rallies in XRP price. For instance, the present state of affairs mirrors the XRP price rise when US President Donald Trump directed the creation of a crypto strategic reserve to incorporate XRP, Solana (SOL), and Cardano’s ADA (ADA) in early March, resulting in a 46% leap in OI to $4.63 billion from $3.05 billion between March 2 and March 3.
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This accompanied a 36% rise in XRP price to a excessive of $2.96 from a low of $2.17 over the identical interval.
In the meantime, XRP’s eight-hour perpetual contracts funding fee stood at 0.0126% on Could 22, an enchancment from the 0.0033% degree noticed on Could 21. It’s now considerably larger than the -0.0005% recorded three weeks in the past. This means growing bullishness amongst derivatives retail merchants.
Is XRP price headed for double digits?
The XRP/USD pair is well-positioned to renew its bullish momentum as it paints a basic bullish sample on the chart.
XRP’s price motion has led to the formation of a bull flag sample on the weekly chart since Nov. 5, 2025, as proven within the determine beneath. A weekly candlestick shut above the flag’s higher boundary at $2.48 would produce one other rally.
The goal is about by the flagpole’s peak, which involves be round $14.50, an roughly 500% enhance from the present price.
Different bullish indicators embody the assist offered by the easy transferring averages sitting between $2.20 and $2.30 on the each day timeframe and the relative strength index resetting simply above the 50 mark.
A number of analysts have additionally predicted further gains for XRP, citing chart technicals and the price holding above key assist ranges.
Market analyst Dom highlighted that XRP price has held completely above the month-to-month and quarterly volume-weighted common costs (VWAPs) of $2.32 and $2.27.
The analyst emphasised that the altcoin should flip the all-time excessive VWAP at $2.47 to maintain a bullish continuation.
“The set off for a leg up will probably be clearing the ATH VWAP (inexperienced). Watching carefully for bulls to make this occur shortly.”
As Cointelegraph reported, XRP price may rise to between $5.24 and $17 in 2025 based mostly on a symmetrical triangle goal and Fibonacci projections.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.
