XRP’s Derivatives crypto traders have been on the look-out for a bear trap. The latest Binance Funding Rate data showcases a scenario where the 30-day cumulative rate reached 0.18%, the biggest point in more than a year.
XRP’s Price Tests Liquidity Pockets Seen Before..
CryptoQuant’s analyst Dark Frost has dug into the historical data behind the shift, witnessing a similar structure just two months before XRP hit $3.55 back in 2025. The rolling monthly figure is particularly important to swing traders looking for the price bottom, below all 4 moving averages.
Traders have taken a keen interest in the $0.98 – $1 liquidity pocket, the same that served XRP as a trampoline to $1.67 back in August, 2026. With the positioning on Binance’s Derivatives now on the bullish side, the sentiment needs confirmation from whales buying on Spot.
In regards to the XRP coin funding rate hike on Binance, that kind of shift often precedes a price trend reversal. “Extreme readings in either direction can signal that traders are crowding into the same side of the market”, says Dark Frost on X. The 30-day sum hints at a few scenarios.
Over the period shown, peaks in bullish sentiment coincided with XRP price tops, while the most negative funding readings occurred near market bottoms. XRP has already entered a 30% price correction from the cycle peak, similarly to when XRP rebounded 53% after falling to $0.70.
Bullish XRP Thesis Meets Brutal Perpetuals Reality
For CryptoQuant’s experts, this resembles strong conviction. “XRP’s 30% correction illustrates the risk of maintaining a bullish bias as prices fall” said the analyst. However, that comes with a price on its own. The data from Futures markets tells a story of XRP bulls getting beat down.
The liquidation data has been lob-sided, with XRP’s bulls incurring a $11.01 million deficit in the 24-hour time-frame, says CoinGlass. The ratios from all five top-traded XRP coin venues are displaying long versus short figures drastically below 1, meaning a bearish crowd sentiment.
On Wall Street, the bearish sentiment is felt even harder. Spot XRP ETFs recorded one of their worst sessions of the year, with daily net outflows hitting 9.37 million XRP, equal to $10.4 million. The altcoin’s ETF items slimmed by $18 million in two days, leaving bears hungry for more.
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