97% of Tracked XRP Net-Long Exposure Entered Above Spot Price, Biggest Cluster at $1.40
- —97% of tracked XRP net-longs entered above the $1.31 spot level
- —Largest long cluster sits around $1.39-$1.40
- —Biggest net-short bar near $1.49 exceeds $20 million
- —XRP traded near $1.33 at the time of the snapshot
Why it matters: A rebound through $1.40 will test whether underwater longs exit or add, while shorts near $1.50 could fuel a squeeze.
Source: The Crypto Basic