{"id":28096,"date":"2025-05-22T13:02:02","date_gmt":"2025-05-22T13:02:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28096"},"modified":"2025-05-22T13:02:02","modified_gmt":"2025-05-22T13:02:02","slug":"xrp-futures-oi-rises-25-as-price-chart-bull-flag-targets-14","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28096","title":{"rendered":"XRP futures OI rises 25% as price chart \u2018bull flag\u2019 targets $14"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmY3ZDktN2Y5ZC03NDQ4LWFhYjUtNTNhODViZThmMjgw.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmY3ZDktN2Y5ZC03NDQ4LWFhYjUtNTNhODViZThmMjgw.jpg\" alt=\"XRP futures OI rises 25% as price chart \u2018bull flag\u2019 targets $14\"><\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>XRP price has gained 4% over the last 24 hours to $2.43, and its open interest has risen by 25%.<\/p>\n<\/li>\n<li>\n<p>Positive spot market activity flips the futures funding rate positive, suggesting a return of investor optimism.<\/p>\n<\/li>\n<li>\n<p>XRP could rally to $14 if a classic bull flag pattern is confirmed.<\/p>\n<\/li>\n<\/ul>\n<p>XRP printed a \u201cbull flag\u201d 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.<\/p>\n<h2>Increasing OI rising with XRP price<\/h2>\n<p>XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" title=\"null\">XRP<\/a>) rose in tandem with the <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/why-is-the-crypto-market-up-today\" title=\"null\">wider crypto market<\/a> on May 22, fueled by Bitcoin\u2019s rally to <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-tops-110k-all-time-high-continued-rally\" title=\"null\">fresh all-time highs above $111,000<\/a>.\u00a0<\/p>\n<p>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\u00a0May 21.\u00a0<\/p>\n<p>Its <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/explained\/what-is-open-interest-in-the-crypto-futures-market\" title=\"null\">open interest<\/a> (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. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196f7e6-bb80-7b64-9fac-f7c6e9c5a382\" title=\"\" alt=\"XRP futures OI rises 25% as price chart \u2018bull flag\u2019 targets $14\"><figcaption style=\"text-align: center;\"><em>XRP open interest. Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\" title=\"null\"><em>CoinGlass<\/em><\/a><\/figcaption><\/figure>\n<p>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 <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/trump-says-digital-asset-stockpile-include-sol-xrp-ada\" title=\"null\">directed the creation of a crypto strategic reserve<\/a> to include XRP, Solana (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/solana-price-index\" title=\"null\">SOL<\/a>), and Cardano\u2019s ADA (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/ada-price-index\" title=\"null\">ADA<\/a>) in early March, leading to a 46% jump in OI to $4.63 billion from $3.05 billion between March 2 and March 3. <\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/why-is-the-crypto-market-up-today\" title=\"null\"><em><strong>Why is the crypto market up today?<\/strong><\/em><\/a><\/p>\n<p>This accompanied a <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/trump-crypto-reserve-ada-sol-xrp-rally\" title=\"null\">36% rise in XRP price<\/a> to a high of $2.96 from a low of $2.17 over the same period.<\/p>\n<p>Meanwhile, XRP\u2019s 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.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196f7e6-c082-7cb5-b90e-1f8017681a75\" title=\"\" alt=\"XRP futures OI rises 25% as price chart \u2018bull flag\u2019 targets $14\"><figcaption style=\"text-align: center;\"><em>XRP funding rates. Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\" title=\"null\"><em>CoinGlass<\/em><\/a><\/figcaption><\/figure>\n<h2>Is XRP price headed for double digits?<\/h2>\n<p>The XRP\/USD pair is well-positioned to resume its <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/why-is-xrp-price-up-today#:~:text=XRP%20price%20is%20up%20today,new%20money%20entering%20the%20market.\" title=\"null\">bullish momentum<\/a> as it paints a classic bullish pattern on the chart.<\/p>\n<p>XRP\u2019s price action has led to the formation of a <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/what-is-a-bull-flag-chart-pattern-and-how-to-spot-it\" title=\"null\">bull flag<\/a> pattern on the weekly chart since Nov. 5, 2025, as shown in the figure below. A weekly candlestick close above the flag\u2019s upper boundary at $2.48 would produce another rally.<\/p>\n<p>The target is set by the flagpole\u2019s height, which comes to be around $14.50, an approximately 500% increase from the current price.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196f7e6-c554-725b-ba2f-c1fb933bb4ef\" title=\"\" alt=\"XRP futures OI rises 25% as price chart \u2018bull flag\u2019 targets $14\"><figcaption style=\"text-align: center;\"><em>XRP\/USD weekly chart featuring bull flag pattern. Source: Cointelegraph\/<\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/x\/7mY9UEuB\/\" title=\"null\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>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 <a href=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\">relative strength index<\/a> resetting just above the 50 mark.<\/p>\n<p>Several analysts have also <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-path-3-40-remains-intact-here-is-why\" title=\"null\">predicted further gains for XRP<\/a>, citing chart technicals and the price holding above key support levels.\u00a0<\/p>\n<p>Market analyst Dom <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/traderview2\/status\/1925225843237827078\" title=\"null\">highlighted<\/a> that XRP price has held perfectly above the monthly and quarterly volume-weighted average prices (VWAPs) of $2.32 and $2.27.\u00a0<\/p>\n<p>The analyst emphasized that the altcoin must flip the all-time high VWAP at $2.47 to sustain a bullish continuation.<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cThe trigger for a leg up will be clearing the ATH VWAP (green). Watching closely for bulls to make this happen shortly.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196f7e6-c9cf-769f-9382-1a42cde4a946\" title=\"\" alt=\"XRP futures OI rises 25% as price chart \u2018bull flag\u2019 targets $14\"><figcaption style=\"text-align: center;\"><em>XRP\/USD eight-hour chart. Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/traderview2\/status\/1925225843237827078\" title=\"null\"><em>Dom<\/em><\/a><\/figcaption><\/figure>\n<p data-ct-non-breakable=\"undefined\">As Cointelegraph reported, XRP price could <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/how-high-can-xrp-price-go\" title=\"null\">rise to between $5.24 and $17<\/a> in 2025 based on a symmetrical triangle target and Fibonacci projections.<\/p>\n<p class=\"post-content__disclaimer\" type=\"\">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.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cbull [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28096","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28096"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28096\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}