XRP Open Interest Climbs to $3.55 Billion as Liquidations Hit Both Longs and Shorts on Binance
Key Takeaways
- •CryptoQuant reports that both XRP long and short traders on Binance are being persistently liquidated, with derivatives liquidity now exceeding the spot market.
- •A total of $13.37 million in excessive leverage was liquidated over the past 24 hours, with bulls accounting for $7.37 million and shorts absorbing roughly $6 million.
- •XRP's open interest has surged to $3.55 billion, while the OI-weighted funding rate has topped quarterly-high levels, meaning short-sellers are paying to fund bullish leveraged positions.
- •XRP pulled back 3.17% to $1.43 as Binance exchange reserves declined to 2.62 billion XRP, following a 55% price spike the previous week.
- •Analyst ChartNerd maintains a $1.80–$1.94 price target if the setup holds on the daily time frame, contingent on the $1.36 support while clearing the $1.51–$1.55 resistance block.
A recent technical review of the futures market has identified heavy liquidity positioned on both sides of XRP's price action. According to on-chain analytics firm CryptoQuant, traders on Binance are locked in a high-stakes battle in which short-sellers and bulls alike are being persistently liquidated.
Derivatives liquidity, now exceeding the spot market, is reported to be extremely sensitive around the $1.43–$1.60 level, leaving sharp XRP price movements prone to cascade liquidations across this territory. That makes the current setup particularly relevant for leveraged traders, since moves through nearby support or resistance can quickly amplify forced exits rather than simply reflect spot buying or selling.
The Binance $XRP long vs short race; both sides of the pond are getting hunted 😈 pic.twitter.com/nVlchUmBBN — 🇬🇧 ChartNerd 📊 (@ChartNerdTA) August 27, 2026
The previous day, Binance's exchange reserves declined to 2.62 billion XRP as the price pulled back to $1.43, down 3.17%. Long liquidations increased by 31.8% to $4.66 million, while shorts saw a 61.6% rise to $1.13 million, with leverage cleared on both sides following XRP's 55% price spike last week.
Bulls vs. Bears: What the Market Action Looks Like Now
Over the past 24 hours, $13.37 million in excessive leverage was liquidated. Bulls accounted for $7.37 million of that total during the pullback, while XRP short-sellers also absorbed a substantial deficit of $6 million. According to CoinGlass data, the long-versus-short ratio stands at 0.9666, still leaning slightly toward the bearish side.
Open Interest (OI) has surged to $3.55 billion, with XRP's major bullish test remaining at $1.50. According to the review, if the price holds the $1.45 support cluster on the daily time frame, a heavy bearish liquidation becomes plausible, as the OI-weighted funding rate is already producing extremely high levels — meaning short-sellers are paying to fund the bulls' leveraged positions.
With the OI funding rate now topping quarterly-high levels, XRP's attempt to break the $1.50 resistance line is heavily dependent on clearing the $1.51–$1.55 resistance block, provided the $1.36 support level holds. In one of ChartNerd's latest technical XRP price analyses, the analyst maintains a $1.80–$1.94 target if this setup holds on the daily time frame.
