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- XRP traders are increasingly betting on a recovery as the token holds near the $1 mark, despite social media sentiment sinking to its weakest level in three months.
- XRP futures open interest rose to roughly $2.78 billion on Monday, a 2% increase over 24 hours. Futures volume also jumped 55% to around $1.17 billion, according to CoinGlass.
- Binance data showed more than three accounts with long XRP positions for every account holding a short. The ratio among Binance’s largest traders stood at approximately 3.6:1, while OKX recorded a comparable 3.6:1 split.
- A long position reflects a bet that prices will rise. Leverage enables traders to control larger positions with less capital, but it also increases liquidation risk when prices move sharply against them.
- The bullish derivatives positioning contrasts with increasingly bearish XRP sentiment online. Santiment said XRP discussions on X, Reddit, Telegram and other platforms reached their most negative level in three months after the token failed to sustain a rally.
- XRP is trading around $1, well below its peak above $3 reached last year.
- Futures exposure has also expanded significantly. About 2.77 billion XRP is currently tied to futures contracts, up from roughly 2 billion earlier in the summer and approaching levels recorded when XRP traded at substantially higher prices.
- Onchain activity is showing signs of improvement as well. Nearly 50,000 XRP addresses were active during a 24-hour period, the highest level in more than two months, according to Santiment. Activity had previously dropped toward its 2026 lows in July.
- An active address is a wallet that sends or receives a transaction during a given period. While the metric reflects increased blockchain usage, it does not indicate whether users are buying, selling or simply transferring tokens between their own wallets.
- Across all exchanges, CoinGlass put XRP’s 24-hour long-to-short ratio at around 0.93, indicating relatively balanced positioning overall. The strongest long bias is concentrated on Binance and OKX, particularly among larger traders.
- A sustained move below $1 could increase pressure on leveraged long positions. Traders who cannot maintain enough collateral may face automatic liquidations, potentially creating additional selling pressure.
- XRP remained near $1 during Monday’s Asian morning trading, while bitcoin traded above $64,000.
