XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
XRP (XRP) price printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum. Could this bullish setup and surging open interest signal the start of the second leg of XRP’s rally into the double-digit zone?
XRP price is up 15% over the last seven days after weeks of consolidation following the altcoin’s rally toward $3.00 in early December. The XRP/USD pair is up 1.5% to its intraday high of $2.44 on Jan. 6, according to data from Cointelegraph Markets Pro and TradingView.
XRP’s potential to rise higher is backed by increasing open interest (OI), which has increased significantly over the last 24 hours.
