XRP saw a surge of funds into the derivatives market alongside a price rebound. The Crypto Basic, a blockchain outlet, reported on April 14 (local time) that net inflows into the XRP futures market rose 294.78 percent over 24 hours to $46.15 million.

XRP climbed to around $1.37 on the day. It snapped an intraday weakening trend that had persisted for the past 3 days, and a rise in leveraged positions in the derivatives market was also seen alongside the rebound.

Futures inflows also continued in shorter time frames, based on tallies by on-chain analytics firm CoinGlass. Over 4 hours, inflows totaled $71.16 million and net inflows were $753,280. Over 8 hours, $111.03 million flowed in and $106.32 million flowed out, for net inflows of $4.71 million. Over 12 hours, inflows were $286.18 million and outflows were $277.18 million.

The market is viewing this as a signal that leveraged traders are rebuilding positions. According to the article, net inflows increased across all time frames, indicating that leveraged traders are building positions again. Such moves can increase volatility, raising the risk of a pullback alongside a short-term surge.

Liquidation data also showed pressure on short positions. Total liquidations over the past 12 hours were $328,110, including $70,870 in long liquidations and $257,250 in short liquidations. Over 24 hours, total liquidations rose to $1.79 million, with short liquidations of $1.59 million far exceeding long liquidations of $195,700. Shorts accounted for 88 percent of total liquidations, meaning the market forced bearish positions to close and pushed up a short-term price rebound.

The spot market, however, showed a different pattern from futures. Over 8 hours, spot saw $27.34 million in inflows and $26.45 million in outflows, for net inflows of $893,470, but over 12 hours it shifted to net outflows of $4.42 million as $62.99 million flowed in and $67.40 million flowed out. Over 24 hours, it also posted net outflows of $10.07 million, with $131.03 million in inflows and $141.10 million in outflows. The net change rate was minus 203.62 percent.

These spot net outflows suggest investors are moving XRP off exchanges. When assets leave exchanges, holders often choose to keep them, and if tradable supply declines, prices can rise more easily when demand returns.

Another point is that the current XRP rebound is not limited to a simple short squeeze. Short liquidations helped drive gains, but supply tightening, spot demand and broader participation in the derivatives market are also appearing at the same time. This combination is typically seen as signaling a "stronger recovery structure."

A key point to watch going forward is whether the futures market overheats. XRP is being discussed as possibly testing resistance in the $1.40 to $1.44 range, and some forecasts say that if upward momentum holds, a path to $1.50 or even $1.70 could open. If futures activity rises too quickly and long positions build excessively, the pace of gains could slow or a short-term correction could still occur.