Coinbase Markets Maps XRP Net-Long Exposure by Entry Price
The measure tracks open derivatives exposure by average entry price, but it does not show each trader’s margin or liquidation level.

Coinbase Markets’ Oct. 15 XRP derivatives snapshot mapped open net-long exposure by average entry price, a measure of derivatives positioning rather than XRP holdings overall.
Net-long exposure is calculated by subtracting short exposure from long exposure and grouping the remaining amount by average entry price. It does not represent the share of XRP holders who are losing money.
An entry-price cluster is not a liquidation level. Liquidation estimates depend on margin requirements and available funds, and the snapshot does not show traders’ leverage, account-level margin balances or exit plans.
The snapshot adds an entry-price view to earlier coverage of XRP’s decline and bearish derivatives positioning.