Coinbase Warns of XRP Long Position Risks
Coinbase Markets has flagged mounting risks for XRP bulls, revealing that 97% of net-long derivatives exposure was established above the current market price of $1.31.
AI summary
Coinbase Markets warned that 97% of net-long XRP derivatives exposure was opened above the current price of $1.31, meaning nearly all leveraged longs are now underwater. This concentration of losing positions raises the risk of forced liquidations and cascading sell pressure if the price fails to recover. Traders should watch for volatility around the $1.31 level, as a breakdown could trigger a long squeeze.
