XRP Funding Rates Hit One-Year High on Binance as Spot ETFs Log $10.4M Outflows
Key Takeaways
- •Binance's rolling 30-day funding rate for XRP reached 0.18%, its highest since October 2025, indicating leveraged long traders are paying a premium to maintain positions during a 30% price correction.
- •Spot XRP ETFs posted $10.4 million in net outflows, equivalent to about 9.37 million tokens, creating a divergence with the strongly bullish derivatives positioning.
- •Analyst Darkfost cautioned that extreme funding readings can signal crowded trades and may precede market reversals.
- •Analyst Crypto Patel identified $1 to $0.70 as his macro accumulation zone, warned a confirmed breakdown below $1 could lead to a further 30-40% correction, and kept a long-term target above $10 with dollar-cost averaging as his preferred approach.
- •Momentum indicators are showing early recovery signs, with the RSI at 31.13 approaching oversold territory and the MACD forming an emerging bullish crossover, while XRP faces support at $1.05 and $1.00 and resistance at $1.10, $1.15, and $1.20.
XRP derivatives traders are showing their strongest bullish positioning in more than a year, even as prices slide and spot exchange-traded funds record outflows, according to analyst Darkfost in an X post.
Binance's rolling 30-day funding rate for XRP climbed to 0.18%, its highest reading since October 2025 and a level last recorded months after the token set its $3.55 all-time high. The rise comes even though XRP has already entered a 30% correction, trading near $1.0556 on November 11. Darkfost cautioned that extreme funding readings can reflect crowded trades and precede market reversals.
Funding rates on perpetual futures exchanges represent periodic payments between long and short position holders. Persistently positive readings such as this one indicate that leveraged long traders are paying a premium to maintain their positions.
The bullish derivatives positioning stands in contrast to spot-market flows. Spot XRP ETFs recorded $10.4 million in net outflows, equivalent to approximately 9.37 million tokens. Such funds hold the token directly and trade on securities exchanges, making their flows a commonly followed gauge of demand from investors reaching XRP through brokerages rather than crypto platforms. The withdrawals arrived even as leveraged traders maintained long-biased exposure, creating a notable divergence between the two market segments.
Crypto Patel Flags $1 as Critical Accumulation Zone
Analyst Crypto Patel identified the $1 to $0.70 range as his macro accumulation zone for XRP. However, he warned that a confirmed breakdown below $1 could trigger a further 30% to 40% correction. His longer-term price target for the token remains above $10, and he highlighted dollar-cost averaging as his preferred approach within the identified accumulation range.
Support Tested as Momentum Indicators Show Early Signs of Recovery
XRP declined from approximately $1.42 in early October to $1.0556 on November 11, with the latest leg down following a rejection near $1.32 around November 5.
Momentum readings point to easing selling pressure. The Relative Strength Index (RSI) stands at 31.13, slightly above its moving average of 28.80 and approaching oversold territory. The MACD histogram turned marginally positive at 0.0004, with the MACD line at -0.0347 sitting just above the signal line at -0.0350 — an emerging bullish crossover, although both lines remain in negative territory.
XRP faces immediate support at $1.05, followed by the $1.00 level, the threshold Crypto Patel identified for his breakdown scenario. On the upside, resistance stands at $1.10, $1.15 and $1.20. Trading volume currently stands at approximately 1.36 million XRP, per TradingView chart data. Price action around these levels, alongside the direction of funding rates and ETF flows, provides the reference points for tracking whether the derivatives-spot divergence persists.
