XRP Shatters Bull Flag Pattern as Open Interest Rockets to $10B – Rally Inbound?

XRP just tore through a critical bull flag formation – and the derivatives market is screaming conviction.

Open interest catapults to $10 billion as traders pile in. This isn't just a breakout—it's a full-scale positioning war between bulls and bears.

Key levels to watch: The 2025 high at $1.20 (because apparently we're still measuring crypto prices in dollars like cavemen).

One cynical truth? Wall Street's still pretending they 'discovered' XRP after the fifth consecutive court win against the SEC.

TLDR

• The XRP price dropped to $3.45 after hitting a 24-hour high of $3.53.
• Despite the pullback, XRP maintains a bullish structure with a target of $17.
• XRP broke above a bull flag resistance, indicating a potential 480 percent rally.
• The ADX indicator is turning upward, suggesting a strengthening bullish trend.
• The RSI level at 69 confirms increased buying pressure over selling activity.

The xrp price has dropped from its recent high as traders booked profits, yet bullish signals remain firmly in place. Despite a pullback to $3.45, technical indicators continue to suggest that the current rally is far from over. Rising buying pressure, supported by on-chain data and market sentiment, points to a potential move toward $17.

XRP Price Holds Bull Flag Breakout as Technical Structure Remains Bullish

The XRP price moved above the resistance of a bull flag pattern, which often signals a continuation of an existing rally. This breakout suggests that bullish momentum is intact, with the pattern’s projected target placing XRP near the $17 mark. Based on the height of the flagpole, this price could represent a 480% increase from current levels.

Moreover, the Average Directional Index (ADX) is showing strength, signaling trend continuation after a prolonged period of weakness. The ADX has begun turning upward, indicating that momentum is returning to the bullish side after a six-month lull. This technical change aligns with rising market activity and stronger investor sentiment.

The Relative Strength Index (RSI) stands at 69, reflecting higher buying interest than selling pressure in the market. This level suggests that bullish momentum is not exhausted and may support further upward movement. RSI readings nearing overbought territory often precede sustained price advances during bull runs.

Active XRP Addresses Surge by 50%, Supporting Bullish Sentiment

Over the last 48 hours, the number of daily active XRP addresses surged by 50%, increasing from 58,000 to 88,000. This growth highlights stronger network participation and indicates expanding investor interest in the XRP ecosystem. A spike in active wallets usually corresponds to increased trading activity and potential upward price movements.

This sharp rise in address activity coincides with the recent breakout above key resistance, amplifying the bullish outlook for the XRP price. As retail traders return, their transactions contribute to higher network activity and support the ongoing rally. The increased on-chain activity also confirms growing market confidence.

Market observers have attributed the address surge to expectations surrounding the GENIUS Act and possible regulatory clarity. These developments have contributed to renewed Optimism among traders betting on XRP’s future trajectory. Strong address growth remains a leading indicator of sustained investor interest.

XRP Open Interest Hits $10 Billion as Traders Anticipate Further Gains

XRP price outlook remains strong as open interest climbed above $10 billion, signaling heightened trader activity and capital inflow. This surge in open positions reflects a renewed focus on XRP’s potential amid growing bullish forecasts. Increasing open interest usually strengthens ongoing trends and validates current price direction.

Funding rates have also increased, which confirms that more traders are taking long positions expecting the XRP price to rise further. A higher funding rate often implies strong conviction among traders who are speculating on upward movement. The alignment of open interest and funding rate supports a bullish price continuation.

Overall, the XRP price remains in a technically strong position after breaking resistance and showing signs of another upward leg. The continued rise in active addresses and open interest further supports the case for a rally toward the $17 level.