Ripple (XRP) price has crossed the $3 for the first time since 2018. This price aligns with the overall positive crypto market trend and growing expectations regarding regulatory changes during the Trump administration. An analyst predict that XRP could reach $10, $15 and even $20, driven by the strong demand. The breakout of the “flag and pole” pattern further fuels the bullish outlook, indicating that the price could continue its upward trajectory.
XRP Price Hits $3, Fueled by “Bull Flag” Pattern, Eyes $10, $15, and $20
The chart highlights a strong upward trend for XRP, featuring a classic “bull flag” pattern, a common indicator of a continuation in price movement. This outlook is shared by the crypto market due to Bitcoin’s recent rally.
After breaking out of the consolidation phase, XRP has identified $5 as the first psychological target. The next key milestone is $10, which aligns with the projected move based on the flagpole’s measurement. With sustained bullish momentum and growing investor confidence, XRP price could climb to $15. Ultimately, the psychological level of $20 stands as a major target, representing a significant gain from its current price.
According to Santiment, XRP whales have increased their holdings from 9.33 billion to 10.37 billion, accumulating 1.04 billion tokens in just under 10 days, indicating potential price gains.
XRP Open Interest Surges to New All-Time High
According to Coinglass, XRP’s open interest, a key indicator of the total value of open futures contracts for the cryptocurrency, has reached an all-time high of $7.51 billion. This represents a significant increase of approximately 38.5% from its previous peak of $5.42 billion on January 12, 2025.
What’s Next For XRP Price?
As the time of writing, XRP is trading above $3, up 8%. On the daily chart, XRP is trading above the pattern and has formed a bullish candlestick. If the trend continues, then price may may reach $3.50 as per the formation
Overall, XRP’s outlook remains positive, with both technical and fundamental suggestions for a bright future. As per analysts, XRP price prediction points to a potential rally to $20.
Frequently Asked Questions (FAQs)
XRP’s price surge is fueled by the “flag and pole” pattern and strong demand.
Analysts predict XRP could hit these targets, supported by bullish momentum and market trends.
XRP’s open interest reached a record $7.51 billion, up 38.5% from January 12.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: