XRP Funding Rate Hits 0.18% on Binance, Highest in a Year

Funding Rate Returns to October 2025 Levels

The 30-day cumulative funding rate for XRP perpetual futures listed on Binance has climbed to roughly 0.18%, the highest reading in more than a year, even as the XRP price trades near $1.08 following a correction that erased about 30% of its value. CryptoQuant analyst Darkfost made the call in a November 10 post, noting the metric last stood at this level in October 2025, several months after XRP set its all-time high of $3.55. The reading matters because it shows traders still favoring long positions despite the drawdown, a setup Darkfost warned could leave the market exposed if declines continue.

@Darkfost_Coc · X post

In a November 10 post.

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Funding payments are the periodic transfers between long and short holders that keep perpetual futures prices aligned with spot trading levels on the underlying market; positive readings mean longs pay shorts, negative ones the reverse. Darkfost's chart tracks the rolling 30-day sum and shows sentiment recovering sharply since mid-2026, when bearish positioning dominated the derivatives market. The cumulative reading had fallen below negative 0.20% by March and stayed deeply negative from May into July before turning as prices recovered. In single-settlement terms, trackers put funding near 0.0068% per eight hours on November 10, so longs were still paying to hold their trades. That means the bullish tilt is not an artifact of one settlement window but a sustained month-long pattern. The analyst offered the summer rally as the cautionary precedent. XRP rebounded 53% from about $0.70 during the summer of 2026, but the sharpest improvement in funding arrived only after most of the gains had been made. Across the same chart, strongly positive readings cluster near price peaks while the deepest negative readings appear close to bottoms. Darkfost stopped short of calling a reversal; his point was that crowded bullish positioning becomes dangerous when price moves against it, and traders running high leverage absorb the worst of any unwind.

ETF Outflows Reach $10.4 Million

Spot XRP exchange-traded funds recorded about $10.4 million in net withdrawals, equal to 9.37 million XRP, in the session covered by the same November 10 assessment, a redemption wave the analyst ranked among the largest of the year. ETF flow figures aggregate the daily creations and redemptions that issuers disclose, so the number captures primary-market demand rather than secondary trading. He called the flows a stark contrast to the bullish tilt still visible in the XRP derivatives market, where longs keep paying shorts to maintain exposure. The session ranks among the weakest for the investment products in 2026, and each redemption pulls XRP out of fund custody.

The redemptions extend a soft patch that began in October. Steady creations had run for 13 straight weeks until the October 12-16 trading week, when United States spot XRP ETFs posted $1.84 million in net withdrawals and broke the streak; the funds still gathered $18.83 million across the full month. The first session of November added roughly $529,510 in outflows, small next to the much larger redemptions flagged on November 10. The split matters because ETF redemptions reflect regulated demand while funding captures the leveraged segment, and right now they point in opposite directions. The price had been recovering into that stretch: XRP lost nearly 16% during October, climbed toward $1.30 in early November and traded near $1.27 on November 4 after opening the month around $1.25. That recovery has since given way, with the retreat retesting the zone described in our earlier report on the test of the $1 threshold, following the 18% retreat from $1.34 covered at the time. Darkfost advised reading cumulative funding and ETF flows together when timing entries, since derivatives sentiment can stay bullish well after prices have turned lower.

The 97-Score Floor at $1.0823

Our live reading places XRP at $1.0819, a hair below the strongest support level in our composite at $1.0823, which scored 97 out of 100, while the nearest resistance at $1.1254 scored 99 out of 100. Momentum agrees with the analyst's caution: the relative strength index stands at 25.65, and a Bitrue study found XRP closed higher after 12 of 17 oversold readings since 2023. Positioning amplifies the tension: long accounts outnumber shorts 3.40 to 1 against roughly $722 million in open interest. A daily close under $1.0823 would force that crowded side to unwind, while the full map of levels sits in our running XRP technical analysis.