XRP Top-Trader Long Ratio on Coin Collateral Drops 18 Points in a Day

Top Traders Trim XRP Longs 18 Points

Coin-collateralized long positions in XRP among the largest derivatives traders dropped 18 percentage points in a single session, falling to 62.54% as of 09:15 Korea time, or 00:15 UTC, on Monday, derivatives analytics platform CoinGlass shows. The cut is the steepest move in that measure among the majors the platform tracks, and it leaves just over six in ten top-trader coin-margined XRP positions long, the lowest reading among the listed majors. Dogecoin's coin-margined long share eased 7.61 points to 84.89% and Bitcoin's slipped 2.94 points to 73.31%, both far milder declines, while Ethereum moved the opposite way, its coin-margined long share rising 8.18 points to 83.87%, and Solana added 6.58 points to reach 87.10%. The stablecoin-margined market barely moved by comparison: the widest swing was 0.54 points, with Ethereum at 61.52%, up 0.54, and Bitcoin at 64.44%, down 0.33. The XRP price sits near $1.52, up 0.2% since that snapshot and 2.3% over 24 hours, so the sharpest long-side trim in the coin-margined market has not turned into a falling tape. The two markets attract different traders. Coin-margined contracts take the underlying asset itself as collateral, the venue of choice for long-term holders compounding their stacks with leverage; stablecoin-margined contracts settle collateral in dollars and draw institutions running hedges and short-term trades. In upswings, coin-margined open interest tends to build and read as market optimism, while downturns lift stablecoin-margined volume, which can point to institutional inflows. CoinGlass defines top traders as accounts in the top 20% of margin balance, a cohort whose positioning is watched because it tends to move ahead of the broader market. The day's XRP derivatives reshuffle therefore reads as rotation inside the leveraged, coin-collateralized corner rather than a market-wide exit from the token.

Size-Weighted Exit, Not a Broad One

The account-count measure tells a different story. Counted by accounts rather than position value, XRP's coin-margined long share stood at 84.46% on Monday, down only 0.23 points, effectively unchanged from the prior session. The gap between the two readings is the day's real signal: the position-value measure weights a large account's exposure far more heavily than a small one's, so an 18-point drop against a near-flat headcount points to a handful of big coin-margined accounts trimming XRP while the wider population of accounts held their longs. The same spread ran through the other majors. Bitcoin's coin-margined account share fell 2.87 points to 78.07%, Ethereum's 2.32 points to 77.92% and Dogecoin's 2.03 points to 85.58%, each decline milder than its position-weighted counterpart. Stablecoin-margined accounts moved the other way: Ethereum's long-account share dropped 4.54 points to 57.01%, the largest account-level decline in the dataset, Bitcoin fell 4.34 points to 51.11% and Solana 2.75 points to 63.50%, a broad de-risking in the dollar-collateral market even as coin-margined Ethereum and Solana positions swelled. CoinGlass attaches a caveat that applies to every figure here: some of these accounts run perpetual futures to hedge spot holdings, so a shrinking long share can reflect hedging rather than outright bearish conviction. The unwind also fits a quieter derivatives tape: XRP open interest on Binance had already fallen 32% as liquidation pressure eased. Deleveraging concentrated in a few hands is faster to reverse, since the same accounts can re-add exposure in a single session. Neither CoinGlass nor any venue has published a breakdown of which accounts trimmed, and no announcement explains the rotation. If the headcount measure follows the position-value measure lower in coming sessions, the trim would broaden from a few large accounts into a wider turn; as of Monday it has not.

$1.50 Support Against $1.62 Ceiling

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.6185 resistance at 66/100, on Fibonacci 0.114 and Keltner Upper confluence, with the first support at $1.5010 scoring 72/100 from Ichimoku Tenkan and POC, and a firmer floor at $1.4536 rated 73/100 on Fibonacci 0.382 and a low-volume node. Spot trades at $1.5220, up 2.27% in 24 hours on trading volume of $774 million; RSI reads 58.44, the MACD signal is bearish and the trend remains an uptrend. Funding prints 0.0071%, open interest stands at $1.14 billion and the long/short account ratio is 2.52, with 71.6% of accounts long, while Fear & Greed prints 70, in Greed territory. Holding $1.50 keeps the push toward $1.62 alive, in line with the October 8 breakout window flagged earlier; a close under $1.4536 would invalidate the bullish read, per our technical analysis.