Coinbase Warns of XRP Long Position Risks as 97% of Net Longs Sit Underwater
- —97% of XRP net-long exposure was set above the current $1.31 price
- —The largest long cluster has an average entry price near $1.40
- —The biggest net-short cluster exceeds $20 million around $1.49–1.50
- —The data reflects net derivatives exposure, not all XRP holders
Why it matters: Forced unwinding of losing longs could add selling pressure on XRP and trigger a self-reinforcing price decline.
Source: U.Today