XRP funding rates hit one-year high on Binance as ETFs lose $10.4M

XRP funding rates on Binance have climbed to their highest level in more than a year, even as the cryptocurrency struggles to recover from a 30% correction and spot XRP exchange-traded funds record $10.4 million in net outflows. XRP's 30-day cumulative funding rate on Binance has climbed to approximately 0.18%, its highest level since October 2025, despite the cryptocurrency losing around 30% during its recent correction. CryptoQuant analyst Darkfost warned that similar periods of elevated funding rates have previously appeared near XRP price peaks, while negative readings have often coincided with market bottoms. Spot XRP ETFs recorded approximately $10.4 million in net withdrawals, equivalent to 9.37 million XRP, as investors pulled money from the funds despite continued bullish positioning among Binance futures traders.

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