Binance XRP long liquidations hit $39.8M in 30 days, funding negative

Binance data shows XRP longs liquidated 2x shorts as funding stays negative

XRP sits near $1.38 under resistance. Derivatives on Binance lean cautious despite risk-on headlines.

Reports of potential US–Iran talks lifted risk appetite across markets. The XRP derivatives tape disagrees with that optimism according to NewsBTC and CryptoQuant.

• Past 30 days on Binance, long liquidations hit ~$39.8M vs ~$19.7M in short liquidations. Buyers were punished 2x more source.
• 30‑day cumulative funding is ~‑0.000007 and persistently negative, showing traders pay to stay short source.
• Leverage use is declining. Both long and short liquidations are falling, but long wipes still dominate source.

Caution is winning. It has not won yet.

Price action stays heavy. XRP trades in a compressed range near $1.38 after a late‑2025 peak. Lower highs and lows persist. Price sits below the descending 50‑day and 100‑day MAs, with the 200‑day well above.

The February capitulation briefly drove price under $1.20 on a volume spike. Since then, volume has faded. Momentum is weak.

Repeated failures at the descending 50‑day keep pressure on. Bulls need a reclaim of $1.50–$1.60 to challenge the downtrend.

The leverage reset is underway. It is not finished. Liquidity and the next catalyst will decide direction.