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>>With XRP's open interest climbing, here's a look at the potential price impact if past patterns hold.

With XRP's open interest climbing, here's a look at the potential price impact if past patterns hold.

crypthub

about 6 hours ago

Open Interest as a Predictor

Open interest measures the total active futures and options contracts on an asset, unlike volume which only shows activity in a single period. Historical data shows that rises in XRP’s open interest are closely followed by price surges, a pattern highlighted by Chad Steingraber from August 2023 to February 2026. His overlay of price and open‑interest charts demonstrates a tight, repeatable correlation during key rallies, making it a powerful early‑warning indicator.

Current Market Context

As of February 2026, XRP’s open interest sits at $2.33 billion while the token trades near $1.43. This level mirrors those that preceded major gains in the late‑2024 rally, suggesting similar bullish momentum could return. Supportive macro conditions and increasing institutional adoption add weight to the possibility of another upward wave.

Implications for Traders

Monitoring open interest gives traders a proactive signal of growing exposure from both retail and institutional participants. When combined with price action and other technical tools, it helps anticipate short‑term moves, though it does not guarantee results. Investors are advised to conduct thorough research, as any decisions remain their own risk.