Will XRP Soar to $14? The Bull Flag Drama Unfolds! 🐂💰

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Ah, dear readers, gather ’round for the latest gossip from the realm of XRP!

  • Lo and behold! The price of XRP has gallantly risen by 4% in the last 24 hours, now standing at a princely $2.43, while its open interest has soared by a staggering 25%! 🎉

  • Such positive activity in the spot market has flipped the futures funding rate to a delightful positive, hinting at the return of our dear investors’ optimism. How charming! 😏

  • Should the classic bull flag pattern be confirmed, XRP might just gallop to $14! A most ambitious target, indeed! 🐂💨

Our dear XRP has drawn a “bull flag” triangle upon the weekly chart, a technical pattern that whispers of strong upward momentum. Should it break above this setup, and with a surge in XRP futures demand, we may witness a rally to $14! How thrilling! 🎭

Open Interest Rises with XRP’s Price

On this fine day, May 22, XRP has risen in harmony with the broader crypto market, spurred on by Bitcoin’s audacious leap to fresh all-time highs above $111,000. What a spectacle! 🎇

Our beloved XRP has danced up to an intraday high of $2.45, marking a delightful 5.5% gain from a low of $2.33 just the day before. Bravo! 👏

Its open interest (OI) has climbed a remarkable 25% over the last 24 hours, reaching $4.95 billion, signaling the return of our daring derivatives traders and a flood of capital into the market. How splendid! 💸

Historically, significant leaps in OI have heralded major rallies in XRP’s price. Recall the time when our dear President Trump commanded the creation of a crypto strategic reserve, including XRP, Solana (SOL), and Cardano’s ADA (ADA) in early March, leading to a 46% jump in OI! A most fortuitous event! 🎩

This was accompanied by a 36% rise in XRP price, soaring to a high of $2.96 from a low of $2.17. What a rollercoaster! 🎢

Meanwhile, XRP’s 8-hour perpetual contracts funding rate stood at 0.0126% on May 22, a delightful improvement from the 0.0033% observed the day prior. It now stands significantly higher than the -0.0005% recorded three weeks ago. Bullishness is in the air! 🥳

Is XRP Price Headed for Double Digits?

The XRP/USD pair is poised to resume its bullish momentum, painting a classic bullish pattern on the chart. How poetic! 🎨

Since November 5, 2025, XRP’s price action has led to the formation of a bull flag pattern on the weekly chart. A weekly candlestick close above the flag’s upper boundary at $2.48 would surely ignite another rally! 🔥

The target, set by the flagpole’s height, hovers around $14.50, an astonishing 500% increase from the current price. Can you believe it? 😲

Other bullish indicators include the support provided by the simple moving averages, resting comfortably between $2.20 and $2.30 on the daily timeframe, and the relative strength index, which has reset just above the 50 mark. How delightful! 🌈

Several analysts, those wise sages, predict further gains for XRP, citing chart technicals and the price holding above key support levels. A round of applause for their foresight! 👏

Market analyst Dom has noted that XRP price has held perfectly above the monthly and quarterly volume-weighted average prices (VWAPs) of $2.32 and $2.27. A feat worthy of admiration! 🏆

He emphasized that the altcoin must flip the all-time high VWAP at $2.47 to sustain a bullish continuation. A challenge indeed! 🏋️‍♂️

“The trigger for a leg up will be clearing the ATH VWAP (green). Watching closely for bulls to make this happen shortly.”

As the esteemed CryptoMoon has reported, XRP price could rise to between $5.24 and $17 in 2025, based on a symmetrical triangle target and Fibonacci projections. What a future awaits! 🌟

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2025-05-22 16:17