$XRP
is moving fast, and the derivatives market is a big part of the story.
$XRP pushed above $1.60 as reported trading volume reached around $7.4B, while CME leveraged funds cut their net short exposure by 46.3M XRP in one week.
That kind of positioning shift can add fuel when price starts pushing higher.
But there’s an interesting twist: Coinbase derivatives showed only a much smaller reduction in net shorts, leaving about 141.6M XRP of net bearish exposure.
So this isn’t simply “everyone flipped bullish.”
It looks more like a major positioning reset is happening, with short covering adding another layer of momentum.
Now the question is whether $XRP can hold above $1.60 and turn this move into something bigger.
is moving fast, and the derivatives market is a big part of the story.
$XRP pushed above $1.60 as reported trading volume reached around $7.4B, while CME leveraged funds cut their net short exposure by 46.3M XRP in one week.
That kind of positioning shift can add fuel when price starts pushing higher.
But there’s an interesting twist: Coinbase derivatives showed only a much smaller reduction in net shorts, leaving about 141.6M XRP of net bearish exposure.
So this isn’t simply “everyone flipped bullish.”
It looks more like a major positioning reset is happening, with short covering adding another layer of momentum.
Now the question is whether $XRP can hold above $1.60 and turn this move into something bigger.
