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According to Hyperliquid monitoring data from CoinGlass, $XRP is demonstrating resilience and a bullish tilt among traders, with profitability above $1 million, classified as the "Money Printers."
The overall exposure of these 598 wallets remains predominantly short-biased for the crypto market as the cumulative size of short positions stands at $1.292 billion, compared to $857 million in long positions. At the same time, these investors maintain net long exposure on $XRP, with longs totaling $15.31 million versus $13.4 million in shorts.
Is $XRP this April's safe haven?
The liquidation risk for $XRP positions remains minimal at just 0.01%. For comparison, the same metric for the MET token stands at 10.38%. This comes as Bitcoin and Ethereum maintain a dominant bearish bias, with combined short positions exceeding $708 million against slightly more than $600 million in longs.
In this context, $XRP on Hyperliquid stands out as an asset supported by smart money, with minimal liquidation risk and a relatively positive fundamental backdrop for April. The key event of the month, the traditional unlocking of one billion $XRP by Ripple —equivalent to approximately $1,37 billion — has already taken place. It is expected that 80% of these funds will be relocked into escrow.
Trader optimism is further supported by the joint guidance from the SEC and CFTC at the end of March, which classifies $XRP as a digital commodity.
In addition, a breakout in April is widely anticipated. Among a number of analysts, it is believed that once $XRP price breaks above the $1.50 level, it opens the path toward targets in the $1.80-$3.20 range, reinforcing sentiment among high-performing traders.