$XRP futures OI rises 25% as price chart ‘bull flag’ targets $14
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.
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.
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.
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.
