Key takeaways:
XRP (XRP) is flashing a number of technical and onchain alerts, suggesting that a rally to $6 is feasible over the subsequent few weeks. Key developments surrounding Ripple and a surge in XRP futures demand are making the case for additional upside.
Rising OI backs XRP’s upside
XRP value rose alongside different altcoins on Wednesday, fueled by a variety of components, together with the end of the legal battle between Ripple, the blockchain firm behind XRP, and the US Securities and Trade Fee.
🔥 UPDATE: The SEC has issued a Litigation Launch saying the decision of its case in opposition to Ripple. pic.twitter.com/uAKQC872vi
— Cointelegraph (@Cointelegraph) August 12, 2025
Using with the wave, XRP value rose as a lot as 6.8% to an intraday excessive of $3.31 on Wednesday from a low of $3.10 the day earlier than.
Associated: Is XRP ‘way overvalued’ to buy right now?
The open interest additionally climbed 9.5% during the last 24 hours and 24% during the last 10 days to $8.68 billion on the time of writing, signaling the return of derivatives merchants.
Futures OI increasing alongside the price signifies new cash coming into the market, notably from institutional traders.
In the meantime, XRP’s each day funding charge was constructive at 0.04%, suggesting that almost all merchants have been taking lengthy positions, anticipating additional upside.
XRP’s ratio of lengthy/brief accounts on Binance is presently skewed towards bullish positions at 74%. Whereas this heightened exercise introduces liquidation dangers, it underscores rising confidence in XRP’s upside potential..
XRP value charts goal over $6
The each day chart exhibits that XRP value buying and selling remains to be validating a bull flag, with the worth going through resistance from the multi-year high at $3.66.
A each day candlestick shut above this space will clear that path for XRP’s rise towards the bull flag’s goal at $5.80, representing a 77% improve from the present value.
Zooming out, XRP’s value has fashioned a rounded backside chart sample on the weekly chart (see under). Bulls are now centered on pushing above the chart sample’s neckline at $3.40.
A each day candlestick shut above this stage would affirm a bullish breakout from the rounded backside, ushering XRP into price discovery with the technical goal set at $6.70, or a 102% improve from the present stage.
The relative strength index, or RSI, is at 64, suggesting that the market circumstances are not but overheated.
As Cointelegraph reported, XRP’s breakout from a seven-year double-bottom construction might lead to a 10x improve in value if historical past repeats.
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 determination.
