XRP’s 30-day cumulative funding rate on Binance has risen to roughly 0.18%, its highest level since October 2025, even as the cryptocurrency trades well below its record high and spot XRP exchange-traded funds face withdrawals.
According to CryptoQuant analyst Darkfost, the reading marks a return to levels last seen months after XRP peaked at $3.55. The indicator sums rolling 30-day funding payments for XRP perpetual futures on Binance. Positive funding rates mean long traders are paying short traders, reflecting persistent bullish positioning. On November 10, the eight-hour funding rate was about 0.0068%.
The elevated reading is notable because XRP has already lost around 30% during its recent correction. Darkfost warned that similar periods of strongly positive funding have often coincided with price peaks, while negative readings have appeared near market bottoms. He pointed to XRP’s summer 2026 rebound of 53% from about $0.70, when funding rates improved only after substantial gains had already occurred.
Spot XRP ETFs recorded approximately $10.4 million in net outflows, equivalent to 9.37 million XRP, which Darkfost described as one of the weakest sessions for the investment products this year. The redemptions follow an uneven October, when U.S. spot XRP ETFs ended a 13-week inflow streak with $1.84 million in weekly net withdrawals, although they still attracted $18.83 million over the full month.
XRP traded near $1.27 on November 4, having started November around $1.25 and recovered toward $1.30 in early November after losing nearly 16% in October. The contrast between bullish derivatives positioning and weakening ETF demand suggests traders should monitor both funding rates and ETF flows when evaluating potential entry points.
