Most net-long XRP positions sit above the current price, leaving traders underwater

Hyperliquid data shows up to 96.1% of XRP long entries came in above spot as the token slid toward $1.30 XRP traders who bet on higher prices are mostly losing money right now. Data from Hyperliquid perpetual futures trackers shows that up to 96.1% of XRP long positions were opened above where the token currently trades. A post on X flagged the same pattern, noting that most net-long XRP positions were entered above the current price. Between October 13 and 15, 2026, XRP traded in a range of approximately $1.28 to $1.50. It then settled somewhere around $1.30 to $1.34.

Source: Crypto Briefing