According to the latest on-chain data, XRP\u2019s open interest has returned to a low similar to the one seen in May 2025. Below is the potential implication for the XRP price.<\/p>\n
In a Quicktake post on the CryptoQuant platform, on-chain analyst PelinayPA delved<\/a> into the underlying activity within the XRP derivatives market and how it could affect the altcoin\u2019s price in the coming weeks.<\/p>\n The analyst\u2019s report revolved around results obtained from the Open Interest metric, which tracks the total amount in USD of derivatives contracts of a cryptocurrency (XRP, in this case) that are open and have not been settled at a given time.\u00a0<\/p>\n According to PelinayPA, the Open Interest metric has fallen to a level as low as that seen in May 2025. Interestingly, this latest dip in OI coincides with the XRP price being around $2.50, which is a much higher valuation than was held during the previous OI nosedive.\u00a0<\/p>\n Usually, a decline in a cryptocurrency\u2019s Open Interest indicates the forceful removal of over-leveraged or speculative positions from the market, leaving only the stronger hands to rule the market. <\/p>\n After the OI bottomed in May 2025, there was a significant increase in trading volume, which pushed the price to as high as $3.50. As the open interest has fallen to a level similar to that of May, history could very well repeat itself, and the XRP price could begin yet another upward rally<\/a>.<\/p>\nXRP Key Zones To Watch Out For<\/h2>\n