#XRP Long position liquidations in XRP futures surged 832% in a week; analysts eye the $1.30 level.

Long position liquidations in the XRP derivatives market rose by 832% over the past week, reaching approximately $3.0 million.

While open interest dropped from $1.18 billion to $1.04 billion, spot investors in XRP remained relatively calm.

Analysts are monitoring the situation, noting that if technical signals strengthen, XRP could move from around $1.05 toward $1.30.

The XRP derivatives market experienced a sharp deleveraging event over the last week. Long position liquidations surged 832% compared to the previous month, hitting approximately $3.0 million. During the same period, open interest declined from $1.18 billion to $1.04 billion. This picture suggests a forced closure of leveraged long positions rather than an orderly market repositioning.

The fact that long position liquidations significantly outpaced short position liquidations indicates that selling pressure hit bullish investors the hardest. An 11.1% monthly drop in open interest further supported this trend. Additionally, funding rates shifting 463% into negative territory relative to the quarterly baseline revealed a weakening risk appetite. Open interest: $1.18 billion vs. $1.04 billion

Long position liquidations: 832% increase compared to the previous month (approx. $3.0 million)

The data indicates a broad deleveraging of market risk, with bullish leveraged positions reduced through forced liquidations.

In contrast, the outlook in the spot market remained relatively subdued. This suggests that spot investors did not rush to move assets onto exchanges as prices weakened, keeping direct selling pressure limited.

The divergence between the sharp unwinding in futures and the relative calm on the spot side suggests the market may be in a transitional phase. However, whether this scenario evolves into a sustained recovery will depend on the sellers' next moves.
Technical signals and RLUSD details

Analysts assess that such patterns can occasionally pave the way for short-term relief rallies.

However, these signals alone do not guarantee a lasting trend reversal. For the market to regain strength in the short term, a recovery in open interest and a normalization of funding rates are required.

On the fundamental front, Ripple’s launch of RLUSD in Japan has drawn attention. Ripple stands out as a company known for its cross-border payment solutions and digital asset infrastructure. It is believed that the stablecoin infrastructure, established with regulatory-compliant partners, could eventually support the utility of the XRP ecosystem.

The market's short-term focus will be on whether new demand returns. If open interest recovers and funding rates stabilize, a more stable footing could emerge following the recent decline; otherwise, negative funding and dominant short positions could lead to continued volatility.
‍$XRP $RLUSD