#XRP price chart 'bull flag' targets $15 amid increasing open interest.
XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
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.

The chart below shows that XRP OI has increased by 45% over the last 24 hours from $2.6 billion to $3.7 billion, suggesting that investors are opening positions with the expectation of XRP’s price increase. This also indicates that more trading activity and money entering the XRP market.

Historically, significant jumps in OI interest have preceded dramatic rallies in XRP price.

For example, this metric jumped by over 100% between July 13 and July 14, 2023, triggering a 107% price jump over the same period.

This price action came after Judge Analisa Torres ruled that the XRP token was not a security in the Securities and Exchange Commission lawsuit against Ripple.

Similar price action was witnessed when OI jumped by 76% between Nov. 29 and Dec. 3, 2024, accompanying another 100% jump in price over the same period. 

If history repeats itself, the latest surge in OI could see the XRP price breakout of consolidation, recording massive gains toward $15.