Key takeaways: XRP price has gained 4% over the last 24 hours to $2.43, and its open interest has risen by 25%. Positive spot market activity flips the futures funding rate positive, suggesting a return of investor optimism. XRP could rally to $14 if a classic bull flag pattern is confirmed. XRP printed a “bull flag” triangle on the weekly chart, a technical pattern associated with strong upward momentum. Breaking above this technical setup and a surge in XRP futures demand could signal a rally to $14. Increasing OI rising with XRP price XRP ( XRP ) rose in tandem with the wider crypto market on May 22, fueled by Bitcoin’s rally to fresh all-time highs above $111,000 . XRP price followed with as much as 5.5% gains to an intraday high of $2.45 on May 22 from a low of $2.33 on May 21. Its open interest (OI) climbed 25% over the last 24 hours to $4.95 billion on May 22, signaling the return of derivatives traders and more capital into the market. XRP open interest. Source: CoinGlass Historically, significant leaps in OI have preceded major rallies in XRP price. For example, the current scenario mirrors the XRP price rise when US President Trump directed the creation of a crypto strategic reserve to include XRP, Solana ( SOL ), and Cardano’s ADA ( ADA ) in early March, leading to a 46% jump in OI to $4.63 billion from $3.05 billion between March 2 and March 3. Related: Why is the crypto market up today? This accompanied a 36% rise in XRP price to a high of $2.96 from a low of $2.17 over the same period. Meanwhile, XRP’s 8-hour perpetual contracts funding rate stood at 0.0126% on May 22, an improvement from the 0.0033% level observed on May 21. It is now significantly higher than the -0.0005% recorded three weeks ago. This suggests increasing bullishness among derivatives retail traders. XRP funding rates. Source: CoinGlass Is XRP price headed for double digits? The XRP/USD pair is well-positioned to resume its bullish momentum as it paints a classic bullish pattern on the chart. XRP’s price action has led to the formation of a bull flag pattern on the weekly chart since Nov. 5, 2025, as shown in the figure below. A weekly candlestick close above the flag’s upper boundary at $2.48 would produce another rally. The target is set by the flagpole’s height, which comes to be around $14.50, an approximately 500% increase from the current price. XRP/USD weekly chart featuring bull flag pattern. Source: Cointelegraph/ TradingView Other bullish indicators include the support provided by the simple moving averages sitting between $2.20 and $2.30 on the daily timeframe and the relative strength index resetting just above the 50 mark. Several analysts have also predicted further gains for XRP , citing chart technicals and the price holding above key support levels. Market analyst Dom highlighted that XRP price has held perfectly above the monthly and quarterly volume-weighted average prices (VWAPs) of $2.32 and $2.27. The analyst emphasized that the altcoin must flip the all-time high VWAP at $2.47 to sustain a bullish continuation. “The trigger for a leg up will be clearing the ATH VWAP (green). Watching closely for bulls to make this happen shortly.” XRP/USD eight-hour chart. Source: Dom As Cointelegraph reported, XRP price could rise to between $5.24 and $17 in 2025 based on a symmetrical triangle target and Fibonacci projections. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
