Crypto marketer and commentator John Squire has published a post on X outlining a recent shift in XRP derivatives data, emphasizing what he describes as a recurring market setup.
In his post, Squire noted that open interest increased by approximately 12 percent over 24 hours while XRP’s price remained relatively stable. He presented this development as a signal worth monitoring, referencing a similar historical pattern that preceded a notable price movement.
The chart attached to his post illustrates fluctuations in Binance net taker volume alongside changes in open interest. The visual shows a sharp increase in open interest toward the most recent data point, highlighted in green, while price action does not exhibit a corresponding breakout. Squire framed this divergence as a potential indicator of mounting pressure on the market.
🚨 #XRP SETUP LOADING 🚨
Open interest just spiked +12% while price holds steady. Last time this happened… $XRP moved HARD.
Bears are getting overexposed and the pressure is building.
This setup looks VERY familiar. 👀🔥 pic.twitter.com/k1NjocKfvk
— John Squire (@TheCryptoSquire) March 29, 2026
Interpretation of Market Positioning
Squire’s commentary focused on the positioning of market participants, particularly those holding short positions. He stated that bearish traders appear increasingly exposed as open interest rises without a downward price move. According to his assessment, this imbalance could create conditions where positions become vulnerable if price momentum shifts upward.
He further stated that the setup “looks very familiar,” suggesting that similar configurations in the past have preceded strong price reactions. The post does not provide a precise price target or timeframe, but it emphasizes the relationship between derivatives activity and price stability as a key factor.
Mixed Reactions from Market Participants
Responses to the post reflect differing interpretations of the same data. A user identified as Mars0634 expressed skepticism, arguing that similar claims have appeared repeatedly without sustained results.
The comment referenced XRP’s long-term price history, noting that significant upward movements have been limited over an extended period. This perspective challenges the idea that the current setup necessarily implies an imminent breakout.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
Another user, Steffan, also questioned the reliability of the pattern. He stated that he has observed comparable setups multiple times and that they often result in sideways trading rather than decisive price movement. This response suggests caution among some participants who view such signals as inconclusive without confirmation from price action.
Focus Remains on Derivatives Data
Squire’s post places primary emphasis on derivatives metrics rather than market fundamentals. The increase in open interest, combined with stable pricing, serves as the central element of his analysis. At present, XRP’s price behavior remains the determining factor in validating or invalidating the setup described.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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