XRP Futures Hit Yearly Low: Is This the Bottom?

Recent drops in XRP futures open interest have sparked speculation among traders, with some believing this could be a sign of a market bottom. Popular crypto pundit Chad Steingraber took to social media to express optimism after seeing an unprecedented drop in open interest to its lowest point in 2025. This coincides with price action near $2.36 per XRP. While many see this as a sign of bullish sentiment, analysts like Chris Widmer highlight the need for caution. He explains that while open interest dropping may signal reduced speculative activity and a potential consolidation phase, it also suggests larger investors might be holding positions in anticipation of further market action.