CryptoOnchain
XRP Closes at $1.05, 16th Percentile of the Past Year, as Binance Long Liquidations Reach the 95th Percentile
XRP closed at $1.05 on November 11, 2026, down 19.4% over 7 days and 21.7% over 30 days. The price sits in the 16th percentile of its past-year range. Binance long liquidations averaged $5.50M over the last 7 days, up 104.5% over 30 days. The November 11 reading of $1.54M is in the 95th percentile. Binance open interest fell to $368.31M, 9.2% below its level 30 days ago and in the 21st percentile. Binance netflow averaged -$6.98M over the last 7 days. On November 11, inflow was $715.6K against $17.50M of outflow. The Binance reserve stands at 2.58B, up 6.7% versus the prior week. Taken together, these readings suggest leveraged long positions are being unwound. Liquidations rose while open interest and price fell. The Binance leverage ratio dropped to 0.14, down 9.3% over 30 days, so the decline is not driven by rising leverage. Funding at 0.0092 (90th percentile) has moved between 0.0058 and 0.0101 over the past week, which points to continued pressure on the long side. The 7-day taker buy/sell ratio of 0.95 shows selling slightly ahead of buying on Binance. Network activity has moved against price. Active accounts reached 42.3K, up 56.4% over 30 days (Z = +4.06, 98th percentile). Transactions reached 3.35M (93rd percentile), and fees sit in the 98th percentile. Token velocity fell 23.9% over 7 days, so higher account activity has not translated into faster token movement. Macro context: the latest macro snapshot in this dataset is from November 5, with the dollar index at 101.56 and the 10-year yield at 4.95%. These are US-level series and do not measure XRP directly. The October 29 Binance hot-wallet hack falls before the current 7-day window. One candidate explanation, unverified: the sell-off may reflect forced closing of long positions, while on-chain activity is rising for reasons unrelated to leverage. "For now, the clearest reading is that leveraged XRP longs on Binance are being unwound while on-chain activity keeps rising."