Cryptocurrency markets often whisper before they roar, and keen observers can gain a critical edge by interpreting early signals. Among these, open interest—a measure of active derivative contracts—has emerged as one of the clearest predictors of XRP’s price momentum. Historical trends suggest that when open interest rises, price frequently follows, providing traders with a potential roadmap for upcoming moves.
Chad Steingraber recently highlighted this phenomenon on X, analyzing XRP’s open interest trends from August 2023 through February 2026. His findings illustrate a tight correlation between periods of rising open interest and significant price rallies, including the late 2024 surge. Currently, with open interest at $2.33 billion and XRP trading around $1.43, the data points to the possibility of another bullish leg if history repeats itself.
What Open Interest Reveals
Open interest reflects the total number of active futures and options contracts on a particular asset. Unlike trading volume, which only measures activity within a given timeframe, open interest represents the cumulative exposure and commitment of traders. Rising open interest signals that participants increasingly expect continued price movement, often amplifying market trends as positions accumulate.
Looking at the XRP Open Interest, you can clearly see that in history when Open Interest begins to go up…
…the price of XRP follows almost exactly the same pattern. This is an EXTREMELY great indicator to follow to predict the price just before it happens. https://t.co/yBFT6NwWhv pic.twitter.com/asnhbVCLiO
— Chad Steingraber (@ChadSteingraber) February 22, 2026
In XRP’s case, historical charts show a striking alignment: spikes in open interest consistently precede upward price momentum. Chad Steingraber’s overlay of XRP price and open interest demonstrates that the two metrics have moved in tandem during key rallies, validating open interest as a predictive indicator.
Current Market Context
The present market structure reinforces the bullish case. XRP’s February 2026 open interest of $2.33 billion sits at a level that historically preceded notable price gains. During the late 2024 rally, sustained open interest accumulation created the foundation for one of XRP’s most powerful moves in recent years.
The current alignment of rising open interest with supportive macro conditions and growing institutional adoption could indicate a similar trajectory.
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Implications for Traders and Investors
For traders, monitoring open interest provides an anticipatory signal rather than a reactive one. Rising open interest suggests that both institutional and retail participants are increasing exposure, potentially amplifying buying pressure and momentum. When combined with price action and other technical indicators, this metric can serve as an early warning for a significant move.
While no indicator guarantees future results, XRP’s historical correlation between open interest and price offers a valuable framework for forecasting short-term trends. As open interest continues to climb, traders and long-term holders may find themselves well-positioned to capitalize on the next potential bullish wave.
The patterns are clear, the data is compelling, and history may be ready to repeat itself—making open interest one of the most closely watched signals in XRP’s market right now.
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 urged to do in-depth 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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