XRP (XRP) derivatives data on Binance reveals a sharp imbalance between long and short liquidations, with bulls absorbing roughly twice the losses of bears over the past month even as geopolitical optimism lifts broader market sentiment.
XRP Liquidation Imbalance
A CryptoQuant report tracking XRP's leverage structure on Binance found that long position liquidations reached approximately $39.8 million over the past 30 days. Short liquidations totaled $19.7 million during the same period.
The market has been punishing buyers at double the rate of sellers.
The 30-day cumulative funding rate registered a slightly negative value of roughly -0.000007. Though modest, the reading has held consistently below zero. In derivatives markets, persistent negative funding indicates traders are paying to maintain short positions rather than long ones — a lean against recovery.
Reports of potential U.S.-Iran negotiations have lifted risk appetite across financial markets. But the leverage data tells a different story beneath the surface.
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Binance Leverage Reset
The combined picture — long liquidations doubling shorts, negative funding rates and declining leverage usage — describes a derivatives market that has been steadily shedding bullish exposure. Both long and short liquidation volumes have fallen from earlier periods, confirming overextension is being worked out.
That process, paradoxically, may be the most constructive signal in the data. Lighter positioning reduces the mechanical risk of cascading liquidations in either direction.
XRP Technical Structure
On the price chart, XRP trades near $1.38 in a compressed range after a prolonged downtrend from its late-2025 peak. The token remains below its 50-day and 100-day moving averages, both sloping downward. A February capitulation event briefly pushed price below $1.20 before a partial recovery, but volume has since declined steadily.
A reclaim of the $1.50–$1.60 zone would be needed to challenge the current downtrend structure.