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XRP shows a deleveraging signal on Binance that preceded past rallies of up to 72%, hinting at a possible rebound.

Technical Signals
28 Oct 2026, 20:30 WIB
Bitcoin
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Bullish
XRP shows a deleveraging signal on Binance that preceded past rallies of up to 72%, hinting at a possible rebound.

XRP's futures open interest on Binance has dropped nearly 28% since September 22, falling below its 180-day average, signaling a deleveraging phase that historically preceded significant price rallies of 32% and 72%. This reduction in leveraged exposure, partly due to liquidations and price declines, suggests easing pressure on XRP futures, potentially setting the stage for a short-term price rebound. Analysts highlight that such deleveraging patterns stabilize the asset and create favorable conditions for recovery, as seen in previous episodes earlier in 2026. XRP traded at $1.31 on October 28, shortly after these findings were reported.

XRP trades at Rp23,899 on Pluang with a slight 0.06% decline as of Oct 29, 2026 00:42 WIB, showing steady market interest despite the recent dip in futures leverage on Binance. The platform sees a balanced order activity with 56% buy and 44% sell, and investors typically hold XRP for about 72 days. This stable trading environment on Pluang complements the news of reduced leverage that has historically preceded strong rallies in XRP prices.

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