XRP Price ‘Pennant’ Breakout Eyes 40% Rally up to $ 3.20 While Open Interest Jumps 30%

Key Takeaways:

• XRP destroys a “pennant” in the weekly chart, indicating 40% gained at $ 3.20.

• There are many positive developing and increasing open futures open interest of the XRP signal that breaks down.

XRP (XRP) Price confirmed a “pennant” pattern on the weekly chart, a move associated with strong upward momentum. The main development surrounding the ripple and a flow to XRP futures demand can signal a start of a rally at $ 3.20 or higher.

Increasing OI Backs XRP Price uptrend

The XRP rose to the tandem along with the broader crypto market on Thursday, which was -fuel by a number of factors, including, Ripple’s application for a US banking licenseSec’s Approval of conversion of the Grayscale’s digital cap fund (GDLC) to an ETF area, the recent collaboration with Openpaydand The high odds of an ETF approved.

Ripple and @Openpayd expands access to fast, following cross-border payments. https://t.co/i61x1yc7H3

With ripple payments now supported by the real-time EUR and GBP operating openpayd, and direct RLUSD minting and burning, businesses may be seamless move between Fiat and…

– RIPPLE (@ripple) July 2, 2025

The wave ride, the XRP price rose by 7.2% to an intraday of $ 2.31 on Thursday from a low $ 2.15 on the previous day.

Related: Watch these XRP levels as the price meets the ‘Turning Point’

Altcoin’s Open interest It has advanced 11% in the last 24 hours and 30% in the last 10 days to $ 4.75 billion today, signed the return of derivatives’ return.

Futures Oi increases alongside the price indicates a growing interest from institutional investors, which is generally seen as positive, as it tends to increase liquidity and attract more trade capital.

Historically, significant jumps at OI have preceded the major rallies in XRP prices.

For example, the current scenario reflects the increase in XRP price when the president of the US Trump announced a 90-day tariff pause.

Meanwhile, the long/short ratio of XRP in all exchanges currently sinks into bullish positions at 68%. As it introduces the long risk of extermination, it emphasizes the increase in confidence in the reversal of XRP.

XRP price eyes are a 40% rally at $ 3.20

XRP/USD pair is expected to continue Bullish momentum After breaking a multimonth pennant.

The XRP price action between December 2024 and July 2025 led to the development of a pennant on the weekly chart, as shown in the figure below. The price broke up above the descending Pennant at $ 2.21 on July 3, which signed the start of a significant upward move.

The target is set by the largest distance between the upper and lower pattern boundaries, which is around $ 3.20, or a 40% jump from the current price.

Pseudonymous analyst best analysts shared A chart that shows XRP trading closer to the upper border of a “bull pennant” to the sun -day chart with a reversed target of $ 3.40.

Many analysts predict the short -term price of XRP target over $ 3, citing Continuous accumulation of whale, Institutional demand for a possible ETF areaand improving the clarity of regulation.

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.