The cryptocurrency market is closely watching Ripple (XRP) as it displays a bullish pattern suggesting a potential surge to $15. According to Cointelegraph, the formation of a bull flag pattern and a significant spike in perpetual futures open interest point to an impending breakout. Since November 5, 2022, a bull flag pattern has been forming on the XRP/USD daily chart, with the price approaching its upper resistance at $2.41. Upon breaking this level, XRP could potentially rally towards $15, marking a 520% increase from its current price. Supporting this bullish outlook is the recent surge in open interest for XRP perpetual futures. Within 24 hours, it has jumped by 45% from $2.6 billion to $3.7 billion. This indicates that investors are positioning themselves for a price increase, further fueling the anticipation of increased market inflow. XRP is witnessing a positive market response, currently trading at $2.39, up 1.91%. Its technical indicators and market sentiment suggest that a breakout could be imminent, potentially propelling it towards the predicted $15 target. Traders and investors alike will be closely monitoring XRP's price action as it navigates this crucial juncture.

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