Edgen Crypto·Apr 01 2026, 19:11Key Takeaways:
A group of highly profitable crypto traders are betting on a price rise for XRP, holding a net long position of $1.91 million on the Hyperliquid derivatives exchange, according to data from CoinGlass as of April 1.
These traders, identified by their profitability of over $1 million and dubbed "Money Printers," show a distinct bullish preference for XRP. Their stance comes in sharp contrast to their overall bearish market view, where they hold $1.292 billion in short positions versus $857 million in longs across all cryptocurrencies.
The data reveals a specific allocation for XRP with $15.31 million in long positions against $13.4 million in shorts. This confidence is further reflected in the asset's minimal liquidation risk, which stands at just 0.01 percent. For comparison, Bitcoin and Ethereum see a combined bearish bias from the same group, with short positions exceeding longs by over $100 million.
This positioning suggests that these sophisticated market participants view XRP as a potential safe haven for April, a sentiment possibly reinforced by recent regulatory developments. Joint guidance from the SEC and CFTC in late March, which classified XRP as a digital commodity, provides a positive fundamental backdrop. The market has also absorbed the traditional monthly unlocking of one billion XRP by Ripple, with an expectation that 800 million of those tokens will be returned to escrow, mitigating immediate selling pressure. Analysts are watching for a potential price breakout above the $1.50 level, which could open the path toward targets in the $1.80 to $3.20 range.
This article is for informational purposes only and does not constitute investment advice.
