XRP (CRYPTO: XRP) traders on Binance are piling into bullish bets even as the token is down 20% in a month and spot ETFs log their worst outflow day in eight months.
XRP Funding Rates Hit a One-Year High on Binance
Pseudonymous analyst Darkfost flagged that XRP futures traders on Binance are more bullish right now than they've been in over a year, a level last seen in October 2025, just months after XRP hit its record high of $3.55.
That bullish tilt built up slowly, climbing to 0.18% over the past 30 days, but it showed up late in XRP's rebound rather than early, and the timing matters.
Extreme readings like this tend to show up near market tops and bottoms rather than in the middle of a trend, Darkfost said, since too many traders betting the same way often signals a reversal is coming.
This past summer makes the case well: funding rates bottomed out right around XRP's low near $0.70, just before the token rallied 53%.
This time, traders on Binance are getting more bullish even as XRP sits 30% below its recent high, a mismatch Darkfost says is worth watching closely for anyone timing an entry.
XRP ETFs Post Their Largest Outflow Since March
U.S. spot XRP ETFs lost $10.42 million on Nov. 9, according to SoSoValue data, the largest single-day outflow since March 9's $18.11 million withdrawal and the first flow activity after four straight days with none at all.
Bitwise's XRP ETF (NYSE: XRP) accounted for the bulk of the exodus at $9.40 million, roughly 90% of total withdrawals, while Canary's XRPC (NASDAQ: XRPC) shed $811,440 and 21Shares' TOXR (CBOE: TOXR) lost $212,900.
Meanwhile, Franklin's XRPZ (NYSE: XRPZ) and Grayscale's GXRP (NYSE: GXRP) recorded no net flows for the day.
Where XRP Stands Technically
XRP fell about 1.5%, extending its slide below the descending channel and all four major EMAs.
RSI near 25 signals oversold conditions, though Darkfost's data suggests no confirmed reversal has taken hold yet.
Key levels for XRP:
- $1.07: immediate support
- $1.10: first resistance on any bounce
