XRP Selloff Fuels Rebound Bets Despite Rising Bearish Sentiment
- XRP traders are increasingly positioning for a rebound as the token trades near $1, even as bearish sentiment across social media reaches a three-month extreme.
- Open interest in XRP futures climbed 2% over 24 hours to around $2.78 billion on Monday, while derivatives trading volume surged 55% to approximately $1.17 billion, according to CoinGlass.
- On Binance, more than three accounts were holding long positions for every account betting on a decline in XRP. The long-to-short ratio among the exchange’s top traders was about 3.6:1, with OKX showing the same ratio.
- Long positions indicate expectations of a price increase, while leverage allows traders to control larger positions with less capital. The trade-off is greater liquidation risk if prices move sharply in the opposite direction.
- Despite the strong bullish positioning in derivatives, XRP’s social sentiment has deteriorated. Santiment said XRP-related discussions across X, Reddit, Telegram and other platforms reached their most negative level in three months after the token failed to generate a sustained rally.
- XRP is currently around $1, significantly below its high of more than $3 last year.
- Futures exposure has grown alongside the bullish positioning. Approximately 2.77 billion XRP is now represented in futures contracts, compared with about 2 billion earlier this summer. The figure is nearing levels seen when XRP traded at several times its current price.
- Blockchain activity has also picked up. Nearly 50,000 XRP addresses were active over a 24-hour period, the highest level in more than two months, Santiment reported. Activity had fallen close to its 2026 lows in July.
- An active address is a wallet that sends or receives at least one transaction during a specific period. The metric shows increased network usage but does not reveal whether the wallets are buying, selling or moving XRP between accounts controlled by the same user.
- Across all trading venues, CoinGlass recorded a 24-hour XRP long-to-short ratio of about 0.93, indicating that overall positioning remains close to balanced. The stronger bullish bias is concentrated among Binance and OKX traders, especially their larger accounts.
- The $1 level could prove critical for leveraged traders. A break below that threshold could trigger liquidations for positions that no longer have sufficient collateral, potentially adding to XRP’s downside pressure.
- XRP was trading around $1 during Monday’s Asian morning session, while bitcoin remained above $64,000.
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