- XRP traders are positioning for a possible rebound as the token remains around $1, even though sentiment across social platforms has turned increasingly negative.
- Open interest in XRP futures reached roughly $2.78 billion on Monday, up 2% over the previous 24 hours. At the same time, futures trading volume increased 55% to about $1.17 billion, CoinGlass data showed.
- Binance recorded more than three long XRP accounts for every short account. Among the exchange’s largest traders, the long-to-short ratio was approximately 3.6:1, while OKX showed a similar 3.6:1 ratio.
- Traders holding long positions are betting on a price increase. Leverage allows them to take larger positions with less capital, but sharp moves in the opposite direction can trigger automatic liquidations.
- The strong long positioning comes as XRP-related social sentiment has deteriorated. Santiment said discussions on X, Reddit, Telegram and other platforms reached their most negative point in three months this week after XRP failed to build momentum.
- XRP was trading near $1, a significant decline from last year’s peak above $3.
- Futures positioning has grown substantially when measured by the amount of XRP involved. Around 2.77 billion XRP is now tied to futures contracts, compared with about 2 billion earlier this summer. The figure is approaching levels recorded when XRP’s market price was several times higher.
- Meanwhile, XRP network activity has picked up. Nearly 50,000 addresses were active over a 24-hour period, marking the highest level in more than two months, according to Santiment. Activity had dropped close to its 2026 lows in July.
- An active address is simply a wallet that sends or receives a transaction during a particular period. While the metric indicates greater network activity, it does not reveal whether users are buying, selling or transferring tokens between their own wallets.
- CoinGlass showed a 24-hour long-to-short ratio of about 0.93 across all XRP trading venues, indicating that overall positioning remains relatively balanced. The strongest bullish exposure is concentrated among Binance and OKX traders, particularly larger accounts.
- XRP’s $1 level remains important for leveraged traders. A break below it could cause positions with insufficient collateral to be liquidated automatically, potentially adding further selling pressure.
- XRP traded around $1 during Monday’s Asian morning hours, while bitcoin moved above the $64,000 mark.
XRP Slips to $1 While Traders Bet on a Recovery
