[DigitalToday reporter Yoonseo Lee (이윤서)] XRP has slipped to around $1.10, but sentiment among retail and whale investors in the futures markets on major exchanges is broadly bullish.

On June 24 (local time), blockchain outlet The Crypto Basic reported that the share of long positions in retail and whale accounts on Binance, Bybit and OKX was higher than shorts.

The key point is that price weakness and futures positioning sentiment diverged. Even after the recent sharp drop, market participants continue to bet on a rebound in XRP. Coinglass data also showed short trading volume in the lead, but exchange-by-exchange long-short ratios pointed to an “extremely bullish” level for retail and whale accounts.

On Binance, the long-short ratio for retail accounts was 2.68, while whale accounts stood at 3.03. Both indicators were at an “extremely bullish” level. The ratio based on whale positions fell to 1.55, but remained in the bullish category.

On OKX, the retail account ratio was 2.67, indicating “extremely bullish.” The whale account ratio was 1.39, a “bullish” level. The whale position ratio, however, rose to 23.00. On Bybit, retail accounts were at 4.02 and whale accounts at 4.01, both classified as “extremely bullish.” The whale position ratio was 0.97, a neutral level.

Not all funds are moving in the same direction. Smart money sentiment was “extremely bearish” on Binance and Bybit. Only OKX showed a bullish signal in this category. That suggests longs clearly dominate by account, but some large fund flows remain conservative.

In short-term flows, shorts were slightly higher. Over 24 hours, short trading volume was $1.03 billion, slightly above long trading volume of $978 million. Still, in derivatives markets long and short volumes often move close to 1-to-1, making it difficult to draw firm conclusions on overall sentiment from this figure alone.

The liquidation distribution showed more liquidity building above the current price. That is interpreted as a sign that large short positions are concentrated at higher levels. The largest single liquidation cluster was around $402 million near $1.11. If XRP rises quickly toward that level, a short squeeze driven by cascading short liquidations remains possible.

The market’s next focus splits in two. One is whether the strong tilt toward longs among retail and whale accounts leads to an actual rebound. The other is whether it touches the liquidity zone near $1.11 in the short term and increases upside volatility. Based on the current indicators, the price has been weak, but futures positioning sentiment still places more weight on a rebound.