Key takeaways:
XRP (XRP) is flashing a number of technical and onchain alerts, suggesting {that a} rally to $6 is feasible over the following 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 worth rose alongside different altcoins on Wednesday, fueled by a lot of elements, together with the tip of the authorized 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 towards Ripple. pic.twitter.com/uAKQC872vi
— Cointelegraph (@Cointelegraph) August 12, 2025
Driving with the wave, XRP worth 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 ‘manner overvalued’ to purchase proper now?
The open curiosity additionally climbed 9.5% over the past 24 hours and 24% over the past 10 days to $8.68 billion on the time of writing, signaling the return of derivatives merchants.
Futures OI growing alongside the worth signifies new cash coming into the market, significantly from institutional buyers.
In the meantime, XRP’s day by day funding charge was constructive at 0.04%, suggesting that the majority merchants had been taking lengthy positions, anticipating additional upside.
XRP’s ratio of lengthy/quick accounts on Binance is at present skewed towards bullish positions at 74%. Whereas this heightened exercise introduces liquidation dangers, it underscores rising confidence in XRP’s upside potential..
XRP worth charts goal over $6
The day by day chart reveals that XRP worth buying and selling continues to be validating a bull flag, with the worth dealing with resistance from the multi-year excessive at $3.66.
A day by 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% enhance from the present worth.
Zooming out, XRP’s worth has fashioned a rounded backside chart sample on the weekly chart (see beneath). Bulls at the moment are centered on pushing above the chart sample’s neckline at $3.40.
A day by day candlestick shut above this degree would affirm a bullish breakout from the rounded backside, ushering XRP into worth discovery with the technical goal set at $6.70, or a 102% enhance from the present degree.
The relative energy index, or RSI, is at 64, suggesting that the market circumstances are usually not but overheated.
As Cointelegraph reported, XRP’s breakout from a seven-year double-bottom construction may lead to a 10x enhance in worth if historical past repeats.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
