👀 Is XRP ready to soar? "Bull flag" on the chart points to a target of $14
XRP is gaining momentum: open interest in futures has risen by 25%, and a classic "bull flag" is forming on the weekly chart. If confirmed, the price could rise nearly 6 times.
➡️ What is happening with XRP?
🟡 The price has risen to $2.43 — up 4% in the last 24 hours
🟡 Open interest in XRP futures increased by $1 billion — +25% in one day
🟡 The perpetual funding rates turned positive: +0.0126%
This indicates renewed interest from derivatives traders and greater confidence in the continuation of the bullish trend.
➡️ Why does this matter?
🟡 A similar increase in open interest occurred in early March when XRP was included in the Trump administration's crypto reserve initiative. At that time, the price rose by 36% and open interest jumped by 46%.
🟡 Now the technical scenario is repeating itself. The weekly chart shows a bull flag, with resistance at $2.48. A close above this level could pave the way for $14–$14.50.
➡️ What do analysts say?
🟡 Support levels: $2.20–$2.30, aligned with moving averages
🟡 The RSI has returned from the 50 zone — a sign of trend recovery
🟡 XRP is maintaining the monthly and quarterly VWAP levels: $2.32 and $2.27
🟡 The next target is to break the VWAP of the all-time high at $2.47
Analyst Dom believes that this level is the trigger for a new bullish momentum. If the bulls hold the current supports and break $2.48, the market may be on the verge of starting a true parabolic run.
