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XRP is gaining momentum as it showcases a bullish continuation pattern, suggesting a potential surge to approximately $14 in the near future.
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The latest data indicates a 25% rise in open interest, highlighting renewed confidence among traders in the crypto market.
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Expert analysis from COINOTAG notes that the bullish sentiment is underpinned by a solid technical framework and increased demand for futures contracts.
XRP’s price might soon hit $14 amid rising open interest and positive market sentiment. Key support levels could lead to significant gains.
Rising Open Interest Announcing XRP’s Potential Surge
XRP (XRP) has been influenced by a broader rally in the cryptocurrency market, particularly on May 22, when Bitcoin reached new all-time highs exceeding $111,000. This bullish environment has driven XRP prices up by approximately 5.5%, peaking at $2.45 from a previous low of $2.33.
In tandem with this price increase, XRP’s open interest surged by 25%, reaching $4.95 billion. This trend indicates a heightened interest from derivatives traders, suggesting that more capital is actively being deployed in the market.
Historically, sharp increases in open interest have frequently preceded substantial rallies in XRP prices. A notable instance occurred in early March when the announcement of a crypto strategic reserve including XRP led to a 46% leap in open interest, coinciding with a significant 36% price increase.
Meanwhile, XRP’s 8-hour perpetual contracts funding rate improved to 0.0126% on May 22, up from 0.0033% the day before, reinforcing the sentiment of bullishness among traders.
Will XRP Price Move Towards $14?
The XRP/USD trading pair is currently positioned for a bullish resurgence as it continues to form a classic bull flag pattern on the weekly chart. This formation has been evident since November 5, 2025, suggesting that a weekly close above the flag’s upper boundary at $2.48 could catalyze a further price rally.
The estimated target of this pattern, determined by the height of the flagpole, positions XRP at around $14.50, reflecting a potential increase of nearly 500% from its current trading levels.
Support from the simple moving averages, which currently lie between $2.20 and $2.30, enhances this bullish outlook. Additionally, the relative strength index has notably reset slightly above the 50 mark, indicating a favorable environment for further upward movement.
Market analyst Dom elaborates on this bullish sentiment, noting that XRP has consistently traded above the monthly and quarterly volume-weighted average prices (VWAPs) of $2.32 and $2.27, respectively.
He advises that for XRP to sustain this bullish momentum, it needs to flip the all-time high VWAP at $2.47, stating, “The trigger for a leg up will be clearing the ATH VWAP (green). Watching closely for bulls to make this happen shortly.”
As highlighted by Cointelegraph, projections indicate that XRP could potentially achieve a price range of $5.24 to $17 by 2025 based on the symmetrical triangle targets and Fibonacci analysis.
Conclusion
In summary, XRP’s recent price action and increased open interest present a compelling case for potential bullish momentum. The evolving technical landscape, combined with investor optimism and solid support levels, suggests that XRP could well lead the charge in the upcoming market rally, paving the way for gains towards the $14 target. Investors should remain vigilant for critical resistance levels while monitoring broader market dynamics.
