Key Takeaways:
XRP (XRP) shines a lot of technical and onchain signals, suggesting that a rally at $ 6 is possible over the next few weeks. The main development surrounding the ripple and a flow to XRP futures demand makes the case for further reversal.
The rise of OI backs of XRP’s upside down
XRP price rose alongside other Altcoins on Wednesday, which is -fueled by a number of factors, including end of the legal battle Between Ripple, the blockchain company behind the XRP, and the US Securities and Exchange Commission.
🔥 UPDATE: The SEC has released a release of the trial announcing the resolution of its case against Ripple. pic.twitter.com/uakqc872vi
– Cointelegraph (@cointelegraph) August 12, 2025
The wave ride, the XRP price rose 6.8% to an intraday of $ 3.31 on Wednesday from a low $ 3.10 the day before.
Related: Is the XRP ‘Way Overvalued’ to buy now?
The Open interest It also climbed 9.5% in the last 24 hours and 24% in the last 10 days to $ 8.68 billion at the time of writing, signed the return of derivatives.
Futures Oi increases alongside the price Indicates new money entering the market, especially from institutional investors.
Meanwhile, the day -to -day XRP funding rate is positive at 0.04%, suggesting that most entrepreneurs take a long position, expecting further reversal.
The XRP ratio of the long/short account in Binance is currently sinking into bullish positions at 74%. While this increased activity introduces the risks of extermination, it emphasizes the increase in confidence in the reversal of XRP’s potential ..
XRP price charts target over $ 6
The sun -day chart shows that XRP price trading is still proving a Bull flagwith the price facing resistance from Multi-year high at $ 3.66.
A sun -sun candle near the upper area it will remove the path for increasing the XRP towards the bull flag target to $ 5.80, representing a 77% increase from the current price.
When it comes out, the XRP price is formed by a rounded chart pattern at the bottom of the weekly chart (see below). The bulls are now focusing on pushing above the neck pattern’s neck to $ 3.40.
A sun -day candle near the upper level it will confirm a bullish breakout from the rounded bottom, Inquiry XRP on Price Discovery Using the technical target set at $ 6.70, or an increase of 102% from the current level.
The KaMag -Kaba -child index -child -childor RSI, is at 64, suggesting that market conditions have not been warmed.
As cointelegraph reportedThe XRP breakout from a seven -year double structure can result in an increase of 10x in price if history repeats.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
