97% of Tracked XRP Net-Long Exposure Was Entered Above Spot Price

About 97% of tracked XRP net-long exposure was entered above spot, with the largest bullish positioning cluster sitting around the $1.40 region. XRP’s positioning map shows an unusual imbalance around current prices: roughly 97% of the tracked net-long exposure was opened above the $1.31 spot level used in the snapshot. That leaves most of the bullish side of the distribution carrying higher entry prices as XRP trades below the levels where those positions were established. Coinbase Markets highlighted the distribution using Glassnode’s net entry-price data, which groups open positioning according to average entry price. Positive blue bars represent net-long notional, while negative gray bars represent net-short positioning. The striking feature is not simply that longs exist above the current price. It is how heavily they are concentrated there.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Crypto Basic.