XRP, currently trading at $1.35 and down 28% year-to-date, has been under steady selling pressure. However, futures Open Interest (OI) could signal the next major price move, according to a well-known XRP community commentator. Historical data indicates that XRP's price and OI have moved in sync, with past surges in price coinciding with increases in OI.
Notably, after Donald Trump's November 2024 election victory, XRP's price rose from $0.5 to $3.4 by January 2025, while OI reached a record $7.76 billion. Similarly, from June to July 2025, XRP climbed from $2.19 to $3.6 as OI hit a new high of $10.94 billion. Analyst Chad Steingraber emphasizes that while rising prices and OI often reinforce each other, OI is best used as a trend confirmation tool rather than a standalone predictor.
The relationship between XRP's price and OI is complex, as they often move together due to increased trading activity and market psychology. Traders typically use OI to confirm trends, with rising OI indicating healthy market participation. However, rapid increases in OI during rallies can lead to crowded markets and potential liquidations.
XRP Price and Open Interest Show Historical Correlation, Analyst Highlights
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