XRP Derivatives Turn Bullish as Spot ETF Outflows Reach $10.4M

XRP’s derivatives market is showing strong bullish positioning even as spot investment products face withdrawals. Blockonomi and Crypto.news report that funding rates on Binance reached their highest level in more than a year, with the elevated readings arriving alongside continued weakness in XRP.

The move followed a 30% price correction, according to both outlets. Blockonomi attributes its analysis to analyst Darkfost, who put the cumulative 30-day funding rate at +0.18% despite that decline. The persistence of positive funding while the underlying asset falls suggests that bullish derivatives positions remain in place rather than broadly resetting with the correction.

Both outlets also report $10.4 million in net outflows from spot XRP ETFs during the session. Blockonomi estimates that this amounted to approximately 9.37 million XRP. Crypto.news likewise emphasizes the contrast between the one-year funding high and negative ETF flows, while Blockonomi goes further by characterizing the derivatives positioning as crowded.

XRP was last priced at $1.079, down 0.30% over 24 hours and 13.92% over seven days. Its market capitalization stood at $68.52 billion. The seven-day decline remained substantial even though the latest daily move was comparatively modest, leaving the asset below the level referenced around the earlier correction coverage.

The wider crypto market was essentially flat, with total capitalization at $2.54 trillion. Bitcoin was up 0.05% over 24 hours, while the Fear & Greed index stood at 32, indicating a Fear reading. Attention now centers on whether spot ETF withdrawals persist, whether funding cools, and how XRP responds as positive derivatives positioning meets negative fund flows and cautious market sentiment.