Binance XRP Derivatives Market Hits 2025 High Amid Price Rally
The XRP derivatives market on Binance has reached its highest level since October 2025, according to data from CryptoQuant. This surge in demand comes as XRP's price rallied by nearly 20% in a day, reaching a multi-week high of $1.30.
The funding rate on Binance, which represents the payments exchanged between long and short traders in perpetual futures contracts, has surged to 0.0101 as of August 21, 2026. This is significantly above its 30-day moving average, indicating unusually strong demand for leveraged long positions.
The increase in funding rate suggests that traders are becoming more confident in XRP's potential upside following the sudden price breakout. As a result, XRP bull traders have taken over, with long positions outpacing shorts.