The third largest asset by market capitalization of cryptocurrencies, #XRP , has formed a bullish flag on the one-day chart, suggesting that the token's price could rise significantly in the medium term if bullish sentiment in the market prevails and XRP does not lose the important support of US$2.

Several analysts from the social network X assert that the bullish flag formed by the token has a target of US$15, as the price target is calculated using the length of the flagpole. Another bullish indicator for XRP is the increasing open interest, which rose from US$2.6 billion on January 5 to US$3.7 billion.