Coinbase Markets data shows that about 97% of net long notional exposure in the XRP derivatives market was opened above the current price of $1.31, with the largest net long exposure carrying an average entry price of around $1.40. Coinbase said most long positions are now at a loss, leaving leveraged traders vulnerable if XRP falls further. In that scenario, forced liquidations could add selling pressure. If the token rebounds instead, traders may choose to keep positions open or add to them. Coinbase also cited Glassnode data showing a sizable net short exposure cluster near $1.49 to $1.50. The largest negative exposure in that range is worth more than $20 million in notional value. The update was referenced by U.Today.
Coinbase Markets data shows that roughly 97% of net long notional exposure in the XRP derivatives market was entered above the current price of $1.31. The largest net long exposure has an average entry price of about $1.40.
Coinbase said most long positions are currently underwater. If XRP declines further, leveraged traders could be forced to close positions, which may add selling pressure. If the price recovers, traders may continue to hold or add to those positions.
Coinbase also cited Glassnode data showing a large net short exposure zone around $1.49 to $1.50. The largest negative exposure there carries a notional value of more than $20 million.
The information was referenced by U.Today.
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