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XRP's price drop triggers major derivatives reset amid high leverage and bearish sentiment.

Market News
28 Jun 2026
AMBCrypto
View Source
Neutral
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XRP's recent price decline caused a significant reset in derivatives, liquidating nearly $3 million in long positions and dropping open interest from $1.18 billion to $1.04 billion. Funding rates turned sharply negative, signaling strong bearish sentiment, though spot holders remain reluctant to sell aggressively. XRP is in a historically oversold zone, suggesting downside momentum may be exhausting, but a sustained recovery depends on renewed buying pressure and improved funding rates. If these conditions improve, XRP could begin a healthier upward trend; otherwise, bearish momentum may continue.

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