According to the latest on-chain data, XRP’s open interest has returned to a low similar to the one seen in May 2025. Below is the potential implication for the XRP price.
The analyst’s 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.
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.
Usually, a decline in a cryptocurrency’s Open Interest indicates the forceful removal of over-leveraged or speculative positions from the market, leaving only the stronger hands to rule the market.
A breach of the $2.20-$2.40 support could cause a short-term sell to as low as $1.85, where the next major support for the XRP price lies. In the scenario where this “key support” fails, the altcoin could plummet to as low as its major psychological floor of $0.60-$0.70.
If this happens, investors could witness a breakout above the first resistance within the $2.80-$3.00 range, strengthening bullish momentum. Also, a breakout above $3.30-$3.50 could trigger a price discovery phase, where the XRP price surges towards $4.20-$4.50.
As of this writing, XRP holds a valuation of about $2.61, reflecting an over 2% jump in the past day.
