XRP Derivatives Buying Tops $184M on Binance After Sharp Price Drop

Highlights:

• XRP derivatives buy volume topped $184 million on Binance as traders sought a rebound after recent losses.
• XRP recovered about 5% on October 16, but the buying activity was largely speculative and short-term.
• Ali Charts identified $1.25 as potential XRP support, with $1.42 and $1.60 as possible recovery targets.

XRP saw more than $184 million in derivatives buy volume on Binance over several hours as traders stepped in after a sharp price drop. The cryptocurrency fell below $1.30 before recovering around 5% on October 16. However, analysts warned that short-term speculation was driving much of the buying activity. In an October 16 post on X, CryptoQuant contributor Darkfost reported a sharp increase in XRP taker buy volume. This measures buy orders in derivatives trading, not direct purchases of XRP on the spot market.

🗞️ $184 Million flows into XRP as Traders bet against the crash

Since its last high of September 23 at $1.65, XRP has corrected by as much as -22.5% yesterday, following the bad CPI figures released the day before, then the PPI figures, and a lower open on US markets.

For some… pic.twitter.com/E0EP7z1lvS

— Darkfost (@Darkfost_Coc) October 16, 2026

XRP Buying Surges on Binance After Sharp Selloff

According to Darkfost, XRP lost as much as 22.5% from its September 23 high of $1.65 to its October 15 low. He linked the decline to disappointing US inflation figures and weakness in US markets. As XRP slipped below $1.30, traders began betting on a recovery. Binance recorded the strongest buying activity among the exchanges Darkfost tracked.

During one hour, Binance registered more than $73 million in XRP taker buy volume. In comparison, Bybit recorded around $1 million, while OKX saw approximately $451,000. Several other hours also brought more than $35 million in buy volume on Binance. Altogether, the exchange recorded over $184 million in aggressive buying across several hours.

However, the figures don’t mean traders invested $184 million in new XRP holdings. Derivatives buy orders can also come from traders closing existing short positions.

XRP Rebounds, but Traders Remain Cautious

Following the buying surge, XRP recovered around 5% from its recent lows, according to Darkfost’s October 16 analysis. Still, the analyst warned that the buying was largely speculative. He described the activity as “highly speculative, short-term capital inflows,” which could bring more volatility to XRP.

The concern is that traders may quickly close their positions once prices recover. This could put fresh selling pressure on XRP and make it harder for the rebound to hold. Meanwhile, the surge shows that traders are willing to buy after the recent decline. However, it remains unclear whether the buying will support a longer recovery.

XRP Price Outlook: Analysts Watch $1.25, $1.42 and $1.60

Meanwhile, crypto analyst Ali Martinez has identified several important price levels for XRP. In an October 15 post on X, the analyst, known as Ali Charts, said XRP appeared to be moving within a parallel channel on the hourly chart.

He suggested that XRP could fall toward $1.25 before finding enough buying support for a meaningful rebound. If buyers defend that level, Martinez sees $1.42 as a possible recovery target. A stronger move could push XRP toward $1.60, near the channel’s upper boundary. However, these targets depend on XRP holding support and attracting further buying. A drop below $1.25 could weaken the recovery outlook.

XRP REBOUND INCOMING!?$XRP appears to be trading inside a parallel channel on the hourly chart.

This structure suggests XRP could still drop toward the lower boundary around $1.25 before seeing a meaningful rebound.

That’s the level I’m watching for a potential buying… pic.twitter.com/Et9Q11p08w

— Ali Charts (@alicharts) October 15, 2026

As of October 16, CoinMarketCap showed XRP trading near $1.33, up 2.19% over the previous 24 hours. Meanwhile, Bitcoin (BTC) traded around $82,259, gaining 1.35% during the same period.