- Binance’s 30-day XRP funding rate climbed to 0.18%, its highest reading since October 2025.
- Spot XRP ETFs recorded $10.4 million in net outflows, equivalent to approximately 9.37 million tokens.
- XRP trades near $1.0556 as RSI approaches oversold territory and MACD shows an early bullish crossover.
XRP derivatives traders are showing their strongest bullish positioning in over a year, despite falling prices and ETF withdrawals. According to analyst Darkfost, Binance funding rates reached levels last recorded in October 2025. Meanwhile, spot XRP ETFs recorded $10.4 million in net outflows as XRP traded near $1.0556 on November 11.
Binance Funding Rates Rise Despite XRP Price Correction
Darkfost reported that Binance’s rolling 30-day funding rate reached 0.18%, its highest level in more than a year. The previous comparable reading occurred in October 2025, months after XRP reached its $3.55 record.
However, XRP has already entered a 30% correction while derivatives positioning remains bullish. Darkfost noted that extreme funding readings can reflect crowded trades and precede market reversals.
Meanwhile, spot XRP ETFs recorded net outflows equivalent to 9.37 million tokens. The withdrawals totaled approximately $10.4 million, creating a contrast with bullish derivatives positioning.
Crypto Patel Identifies $1 as Critical Accumulation Zone
Analyst Crypto Patel identified the $1 to $0.70 range as his macro accumulation zone. However, he warned that a confirmed breakdown below $1 could trigger another 30% to 40% correction.
His longer-term price target remains above $10. The analyst also highlighted dollar-cost averaging as his preferred approach within the identified accumulation range.
XRP Tests Support as Technical Indicators Approach Recovery
XRP declined from approximately $1.42 in early October to $1.0556 on November 11. The latest decline followed a rejection near $1.32 around November 5. The Relative Strength Index is at 31.13, slightly above its moving average of 28.80.
Meanwhile, the MACD histogram turned marginally positive at 0.0004. The XRP MACD line reached -0.0347, slightly above the signal line at -0.0350. However, both remain negative despite the emerging bullish crossover.
XRP faces immediate support at $1.05, followed by $1.00. On the upside, resistance stands at $1.10, $1.15 and $1.20. Trading volume currently stands at approximately 1.36 million XRP.
