XRP is one of the leading altcoins, and Binance futures data shows that speculation is making a comeback — possibly setting the stage for a strong move.
After hitting a $1.5B Open Interest all-time high, XRP saw a sharp drop to $530M, flushing out leveraged positions. Recently, Open Interest has started climbing again, signaling renewed trader interest — and possibly higher volatility ahead.
The funding rate offers insight into market bias. When it turned negative during the correction, it revealed excess short positioning and opened the door for a short squeeze. Right now, the rate is neutral, suggesting a balance between longs and shorts — but beneath the surface, short positions are rising while funding declines, pushing XRP upward. This indicates a mild ongoing squeeze.
The Taker Buy/Sell Ratio on Binance is 0.91, showing strong market selling. Retail traders appear to be shorting aggressively. If this pressure continues but price holds, absorption is likely taking place — a potential bullish sign.
📌 In short:
Open Interest is rising with price → speculation is returning.
Funding is neutral → market is indecisive.
Taker Sell pressure + stable price → sellers are likely being absorbed.
Conclusion: Binance XRP data shows a market where aggressive selling is meeting strong absorption. This silent accumulation could be the early signal of a bullish breakout.
Written by BorisVest
