#XRP XRP Futures Long Position Liquidations Surge 832% in a Week; Analysts Eye $1.30 Level.

Over the past week, the volume of long position liquidations in the XRP derivatives market surged 832%, reaching approximately $3 million.

Although open interest fell from $1.18 billion to $1.04 billion, XRP spot investors 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 last week. Long position liquidation volume surged 832% from the previous month, reaching about $3 million. During the same period, open interest declined from $1.18 billion to $1.04 billion. This indicates that leveraged long positions were forcibly closed, rather than an orderly market position adjustment.

Long position liquidation volume significantly exceeded short position liquidation volume, indicating that selling pressure hit bullish investors the hardest. Open interest fell 11.1% month-over-month, further supporting this trend. Additionally, the funding rate turned negative relative to the quarterly benchmark, dropping by 463%, signaling reduced risk appetite. Open interest: $1.18 billion vs. $1.04 billion.

Long position liquidation volume: up 832% from the previous month (approx. $3 million).

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

In contrast, the spot market’s outlook is relatively flat. This suggests that spot investors are not rushing to transfer assets to exchanges amid weakening prices, thus limiting direct selling pressure.

The divergence between the sharp deleveraging in the futures market and the relative calm in the spot market indicates that the market may be in a transitional phase. However, whether this situation evolves into a sustained recovery will depend on the next moves by sellers.

Technical Signals and RLUSD Details.

Analysts assess that such patterns can sometimes pave the way for short-term rebound movements.

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

On the fundamentals front, Ripple’s launch of RLUSD in Japan has garnered attention. Ripple is known for cross-border payment solutions and digital asset infrastructure. It is believed that the stablecoin infrastructure, established in partnership with compliant partners, could ultimately 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 foundation may emerge after the recent decline; otherwise, negative funding rates and dominance of short positions could lead to ongoing volatility.

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