Is Sky The Limit for Ripple’s (XRP) Upcoming Price Moves? (Analyst)

TL;DRNo Resistance Ahead?Until this time last week, analysts indicated that $2 is crucial support in XRP’s future price performance, while noting that a surge past the resistance at $2.26 could become pivotal in reaffirming the asset’s bull run restart.Such a price surge indeed transpired several days ago and the third-largest non-stablecoin cryptocurrency has remained above the latter ever since. Although it was stoppedon its way to $2.7yesterday, it still trades above $2.5 now and is among thefew altcoins in the greentoday.According to Martinez, there’s only clear sky ahead for XRP. In a recent post, the analyst with nearly 140,000 followers on X indicated that “on-chain data shows XRP has no major resistance clusters ahead.” On the other hand, the zone around $2.38 has become a key support level.On-chain data shows $XRP has no major resistance clusters ahead, while the key support zone to watch sits at $2.38. pic.twitter.com/vvXjsSUYG1— Ali (@ali_charts) May 13, 2025In accordance with this bullish news came a few big price predictions for XRP. AllInCrypto said the asset is on its way to turn the previous all-time high of $3.4 into support, which would “lead it further along its way to our $19 price target in the long term.”Others were a bit more modest, posting price targets of up to $5.4.Futures-Driven Rally?Glassnode noted earlier today that the XRP Futures Open Interest had skyrocketed by over $1 billion in just a week, up to $3.42 billion, representing a 41.6% increase. Given the underlying asset’s price rally that drove it to over $2.5, the analytics company determined that most of it was driven by leveraged positions, which suggests “growing directional conviction.”$XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE— glassnode (@glassnode) May 13, 2025Recall that the last time the Open Interest for XRP hadshot upthis fast led to a price surge from $2.3 to $3.3 within a week or so back in January.