- XRP futures hit yearly low, sparking trader optimism and speculation.
- Analysts say declining open interest may signal a market reset.
- CME’s planned XRP options could boost liquidity and institutional demand.
Chad Steingraber, a popular crypto pundit, made a statement that stirred traders across the crypto community. In his recent post, Steingraber declared, “We are ready to rock,” following a noticeable drop in XRP futures open interest to its lowest level in 2025.
According to Steingraber, the current decline in open interest indicates that the market may have bottomed out. His comment came as XRP futures open interest fell to about $3.49 billion, while XRP’s price held near $2.36. Many traders saw the remark as a sign of optimism for the asset.
Chris Widmer of Chain.Reach responded with an analytical explanation of the current data. He noted that the decrease in open interest suggests reduced speculative activity and signals a possible consolidation period for XRP. Widmer added that this phase often follows a cooling market and allows traders to reassess their positions.
Also Read: SpaceX Moves $268.5 Million in Bitcoin Amid Market Decline
Open Interest XRP just bottomed out…
We’re ready to rock… https://t.co/AamHXHEIkL pic.twitter.com/eolAs5AEnQ
— Chad Steingraber (@ChadSteingraber) October 21, 2025
Analysts Highlight Market Adjustment and Institutional Interest
Widmer pointed out that XRP’s ability to maintain price stability amid lower open interest could suggest that larger investors are holding positions while retail traders exit. He explained that historically, periods of low open interest have often been followed by renewed price movements when new capital enters the market.
He further mentioned that the planned launch of options trading for XRP futures by the Chicago Mercantile Exchange (CME), currently under regulatory review, may increase institutional involvement. This development, he said, could enhance market liquidity and influence XRP’s volatility once introduced.
Additionally, reports from earlier this year noted a shift in overall cryptocurrency sentiment. Analysts observed that bearish conditions were easing, and accumulation among major investors was increasing. Widmer stated that such activity could strengthen market support and set the stage for renewed trading interest.
Broader Market Reaction
As traders close speculative positions, XRP’s futures market may be preparing for its next phase of activity. Steingraber’s statement, “We are ready to rock,” captured growing attention among XRP holders monitoring developments across the broader digital asset market.
Also Read: Why Ripple’s Evernorth Project Quietly Changes Everything for XRP
