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A hidden imbalance has formed in the XRP market, which the spot chart masks with a stable price above $1.50. While the coin continues to hold its ground, fresh data from CoinGlass and Bitfinex shows that the current wave of buying is overheated by margin capital.
Against this backdrop, traders are opening positions with enormous leverage, creating hidden risks for price stability.
The main indicator of this imbalance has emerged on Bitfinex, where the volume of XRP margin longs has surged to a high of 6.41 billion coins. During the latest candle alone, speculators added more than 260 million XRP to their positions.
This buying rush has spread across all major platforms: on Binance, the number of leveraged buyers is now more than two and a half times higher than the number of sellers.
The market is currently being driven not by long-term investors but by short-term speculators, which is why daily futures trading volume is almost 4.5 times higher than actual spot turnover.
Why XRP Longs Are at Risk
The real 723% imbalance is building on the buyers' side, as excessive leverage has left them exposed. While short sellers risk losing only $2.95 million, the situation on the opposite side is critical.
If the price reverses toward the longs' maximum-pain zone, a massive $24.29 million cluster of buyers will face forced liquidation—7.2 times the potential losses of short sellers.
The market has already begun to show the first signs of instability. Nearly $29 million worth of positions have been forcibly closed over the past 24 hours, with most of those losses coming from longs. Since most futures liquidity is concentrated on Binance, any major spot sale by large holders could pull the trigger on a cascade of margin calls.
Under weekend trading conditions, this could quickly push the XRP price toward the boundaries of the margin trap near $1.
U.Today Editorial Team
Dan Burgin
