Coinbase warns 97% of XRP long positions set above current $1.31 price

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Recent data from Coinbase Markets has revealed significant imbalances in XRP derivatives positioning.

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The current spot price of XRP stands at $1.31, notably lower than the levels at which the majority of bullish derivatives positions were initiated.

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This gap has drawn close attention to net-long exposure in the XRP market. A substantial volume of XRP short positions has congregated around the $1.49 and $1.50 price…

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points, with the largest single cluster exceeding $20 million in notional value.

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In contrast, the bulk of long exposure in the derivatives market was established around $1.40, roughly 7% higher than the current market price.

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