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XRP’s price surged 4% in the last 24 hours, reaching $2.43, driven by a 25% increase in open interest (OI). This positive spot market activity and a positive shift in the futures funding rate indicate renewed investor optimism. A potential rally to $14 is predicted if a bullish flag pattern, currently forming on the weekly chart, is confirmed.
The recent price increase, mirroring a similar surge in March, coincided with a significant rise in OI to $4.95 billion, signaling increased participation from derivatives traders. Historically, such OI spikes have preceded major XRP price rallies. For instance, in early March, a 46% jump in OI accompanied a 36% rise in XRP price, fueled by President Trump’s announcement of a crypto strategic reserve potentially including XRP.
Currently, XRP’s 8-hour perpetual contracts funding rate stands at a positive 0.0126%, reflecting growing bullish sentiment among retail traders. This positive shift contrasts with the negative rate observed three weeks prior.
Technically, XRP exhibits a classic bull flag pattern on the weekly chart since November 5, 2025. A weekly close above the flag’s upper boundary at $2.48 could trigger a rally towards $14.50, based on the flagpole’s height. This represents a potential 500% increase from the current price.
Further supporting this bullish outlook, XRP’s price is holding above key support levels provided by simple moving averages and the relative strength index is resetting above 50. Market analyst Dom highlights XRP’s resilience above monthly and quarterly volume-weighted average prices (VWAPs), emphasizing that breaking above the all-time high VWAP at $2.47 is crucial for sustained bullish momentum.
Previous analyses projected XRP’s price could reach $5.24 to $17 in 2025, based on symmetrical triangle targets and Fibonacci projections. However, it is crucial to remember that all investment decisions involve risk, and thorough research is essential before investing.
