Crypto

XRP faces risk of sharp drop as Binance metrics signal funding rate reset

Short-term correction pressure is building again in the XRP market as Binance derivatives metrics show falling open interest, rising funding rates and a jump in long liquidations. XRP is holding above $1 but has fallen about 5 percent over the past seven days. Spot inflows and outflows were both large, suggesting position adjustments. Open interest has dropped by more than $100 million in about three weeks, while long liquidations surged and funding costs for remaining longs rose.

Crypto

XRP breaks resistance as short liquidations mount; next test is $1.065 support

XRP has broken a key resistance level, rapidly expanding losses for short sellers. A sharp rise after a prolonged $1.02 to $1.06 range led to widespread liquidations. Over the past 24 hours, more than $634 million in margin positions were forcibly liquidated across the crypto market, with about 73 percent tied to shorts, CoinGlass data showed. In XRP, about 81 percent of losses came from bearish bets.