$XRP

XRP: Sharp Increase in Open Interest.. Will It Continue Its Meteoric Rise?

XRP has seen a 370% increase in two months, with a market cap of $138.82 billion and a current price of $2.42.

XRP futures open interest has increased by 40%, reinforcing bullish expectations amid positive investment flows.

The "Super Trend" indicator shows a strong buy signal, which could support XRP's 470% rise as it did previously.

A "bullish flag" pattern analysis suggests that XRP could reach $8.7 or decline to $0.48.

The technical pattern, known as the "half-flag", shows a sharp increase in price followed by a short consolidation phase, opening the door to a new rise.

Brandt believes that the completion of this pattern over the next six weeks will be crucial for a bullish outcome. If this happens, Ripple’s market cap could reach $500 billion, with a price of $8.7. If the model fails to complete, the market cap could drop to just $28 billion. That would mean a price drop to $0.48.