Key takeaways:
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XRP value 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 might 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 might sign a rally to $14.
Rising OI rising with XRP value
XRP (XRP) rose in tandem with the broader crypto market on Could 22, fueled by Bitcoin’s rally to contemporary all-time highs above $111,000.
XRP value adopted with as a lot as 5.5% beneficial properties to an intraday excessive of $2.45 on Could 22 from a low of $2.33 on Could 21.
Its open curiosity (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, important leaps in OI have preceded main rallies in XRP value. For instance, the present situation mirrors the XRP value rise when US President 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% bounce 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 value to a excessive of $2.96 from a low of $2.17 over the identical interval.
In the meantime, XRP’s 8-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 greater than the -0.0005% recorded three weeks in the past. This means rising bullishness amongst derivatives retail merchants.
Is XRP value headed for double digits?
The XRP/USD pair is well-positioned to renew its bullish momentum because it paints a basic bullish sample on the chart.
XRP’s value 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 top, which involves be round $14.50, an roughly 500% improve from the present value.
Different bullish indicators embrace the help offered by the straightforward transferring averages sitting between $2.20 and $2.30 on the day by day timeframe and the relative energy index resetting simply above the 50 mark.
A number of analysts have additionally predicted additional beneficial properties for XRP, citing chart technicals and the worth holding above key help ranges.
Market analyst Dom highlighted that XRP value 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 can be clearing the ATH VWAP (inexperienced). Watching carefully for bulls to make this occur shortly.”
As Cointelegraph reported, XRP value might rise to between $5.24 and $17 in 2025 primarily based on a symmetrical triangle goal and Fibonacci projections.
This text doesn’t include 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 call.
