While XRP Price Dips, Long Positions Are Gradually Piling Up

XRP is slipping in price, but derivatives data suggests the market may be positioning for a rebound rather than a deeper sell-off.

According to analyst CW, the recent decline in XRP has not been accompanied by a rise in short positions. Instead, long positions are gradually increasing, pointing to growing confidence among traders despite the pullback.

Key Points

• XRP dips, but rising long positions suggest traders are positioning for a rebound rather than further downside.
• Open interest climbs to $2.60B, signaling fresh positions as traders lean toward long exposure at lower price levels.
• Lack of short buildup points to reduced downside pressure, with accumulation hinting at a possible recovery ahead.
• Despite short-term weakness, analysts still eye $5–$10 targets, though volatility remains a key risk factor.

XRP Long Positions Are Piling Up

Notably, this shift is visible in futures market behavior, where open interest (OI) continues to climb. Data from CoinGlass shows XRP OI has reached $2.60 billion, marking a 7.51% increase over the past 24 hours.

Rising OI alongside a declining price implies that traders are opening new positions, leaning, in this case, toward long exposure at lower levels.

At the time of writing, XRP is trading around $1.42, up slightly on the day but still down nearly 4% over the past week.

Futures Market Signals Reduced Downside Pressure

CW noted that the lack of short-position buildup suggests limited downside pressure in the futures market. Instead of aggressively betting against XRP, traders appear to be accumulating, potentially anticipating a recovery.

The latest derivatives data adds another layer to the current technical outlook. A veteran analyst recently warned that XRP may still be in a corrective phase resembling a Wave 2/5 retracement. In that scenario, the price could briefly push toward the $1.51 resistance level before a larger Wave 3 move drives it lower.

Key levels the price could fall to include $1.12, where a possible double bottom could form, or around $0.87, which many see as a strong long-term accumulation zone.

This supports the idea that the current price action may be part of a broader “final shakeout,” a phase to test market conviction before a larger move.

Long-Term Outlook Remains Intact

Despite short-term uncertainty, the long-term bullish narrative around XRP has not changed. Some analysts still maintain that the asset could reach significantly higher levels once the accumulation phase is complete.

Among the widely forecast targets are the psychological level at $5 and a potential move into double digits.

Bitrue: XRP Should Be $10

Earlier today, crypto exchange Bitrue claimed XRP should already be trading at $10 amid ongoing debate about Bitcoin’s price targets. With the coin currently around $1.40, it would need to rise more than 7x to reach $10, implying a market cap of about $612 billion.

Bitrue has long been bullish on XRP, especially after Ripple’s legal battle with the SEC ended.

Some in the crypto community agree that XRP is undervalued, citing institutional interest and blockchain adoption as key drivers. However, skeptics point to its history of slow growth and warn that even if it reaches $10, bearish volatility is likely.