XRP traders are increasingly positioning for a potential recovery as the token holds near $1, despite social media sentiment falling to its most bearish level in three months.
XRP futures open interest climbed to about $2.78 billion on Monday, rising 2% over the previous 24 hours. Futures trading volume jumped 55% to approximately $1.17 billion, according to CoinGlass.
Binance data showed more than three accounts holding long XRP positions for every account with a short position. Among Binance’s top traders, the long-to-short ratio was about 3.6:1, while OKX recorded a similar ratio.
Long positions reflect expectations of higher prices. Traders using leverage can control positions larger than their available capital, but they risk automatic liquidation if the market moves sharply against them.
The bullish derivatives positioning contrasts with increasingly negative sentiment around XRP. Santiment reported that discussions about XRP across X, Reddit, Telegram and other social platforms reached their lowest sentiment level in three months after the token failed to sustain an upward move.
XRP is trading near $1, significantly below its peak above $3 last year.
The amount of XRP tied up in futures contracts has also increased. Around 2.77 billion XRP is currently represented in futures positions, compared with roughly 2 billion earlier in the summer. That level is approaching amounts seen when XRP traded at several times its current value.
XRP’s blockchain has also seen a pickup in activity. Nearly 50,000 addresses were active over a 24-hour period, the highest figure in more than two months, according to Santiment. Network activity had previously fallen close to its 2026 lows in July.
An active address is a wallet that sends or receives a transaction during a specific period. The metric indicates increased network participation but cannot determine whether users are buying, selling or simply moving XRP between their own wallets.
Across all exchanges, CoinGlass placed XRP’s 24-hour long-to-short ratio at around 0.93, suggesting overall positioning is close to neutral. The strongest long bias is concentrated among traders on Binance and OKX, particularly their larger accounts.
A move below the $1 level could create additional risks for leveraged bulls. Traders unable to maintain sufficient collateral could see their positions automatically liquidated, potentially increasing selling pressure.
XRP was hovering around $1 during Monday’s Asian trading session, while bitcoin climbed above $64,000.
