XRP Price Primed for Breakout? Binance Data Suggests Strong Absorption

According to new insights shared by CryptoQuant, XRP may be gearing up for a major move, as Binance futures data reveals a market structure favoring bulls

CryptoQuant has shared interesting insights into the structure of the XRP market, drawing from data on Binance futures.

Despite a recent period of significant selling pressure that saw a large portion of Open Interest (OI) liquidated, new analysis suggests that buyers might be quietly accumulating XRP in anticipation of a potential breakout.

XRP’s Open Interest (OI) — the total value of outstanding futures contracts — recently plunged from an all-time high of $1.5 billion to $530 million. This rapid decline wiped out a large number of leveraged traders who were caught on the wrong side of the market.

However, OI is now increasing again alongside price, which indicates a return of speculation and risk appetite, potentially setting the stage for more volatility.

During the correction, funding rates went negative, signaling excessive short positions and sparking a short squeeze. Right now, funding is neutral, showing a temporary balance between bulls and bears.

However, short positioning is increasing while funding remains low—a combination that usually builds upward momentum if the price remains stable or goes up.

Binance’s Taker Buy/Sell Ratio stands at 0.91, highlighting that market sellers are currently more active.

Retail traders are heavily shorting XRP, but despite this pressure, the cryptocurrency’s price is holding firm. This resilience suggests that buyers may be diligently absorbing the sell-side aggression.

In the final analysis, the latest Binance data paints a picture of a market where aggressive sellers are being quietly overpowered. With Open Interest climbing, shorts being placed, and price showing resilience, XRP could be in the early stages of a bullish breakout—especially if this silent accumulation continues.