Cointelegraph's analysis of the XRP/USD weekly chart on Bitstamp reveals a bullish pennant pattern, hinting at significant upward momentum. This pattern suggests XRP may potentially recover to the $3.2 level. Technically, XRP appears to be building upward momentum, completing a symmetrical triangle. The surge that began in November last year has now entered a consolidation phase on a weekly basis. A successful break above the upper resistance line of this triangle could trigger a rally to the $3.2 target, representing an approximate 40% increase from the current price. Adding to the bullish outlook, XRP futures open interest on major global exchanges has seen a substantial increase, surging 11% in the last 24 hours and 30% in the past 10 days. This surge indicates growing interest from institutional investors, and historically, rising open interest has often preceded price increases for XRP. ```

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