XRP defies crypto downturn with surging trader confidence and regulatory wins

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. 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.