Key insights
- XRP Ledger will reset its Testnet and Devnet networks on November 25, deleting existing accounts, tokens, and AMMs.
- Binance XRP funding rates have reached a one-year high, despite XRP facing a 30% price correction.
- Spot XRP ETFs recorded $10.4 million in net outflows, equal to approximately 9.37 million XRP.
XRP Ledger developers face a Nov. 25, 2026, reset of Testnet and Devnet after an infrastructure failure. Ripple said a full-history server crash prompted the work, which will erase testing-network records. Separately, Binance XRP funding reached a one-year high as spot exchange-traded funds reported $10.42 million in outflows.
The network maintenance and market movements concern different activities. XRPL’s production Mainnet will continue operating, according to the project’s official technical advisory.
XRP Ledger (XRPL) Sets November 25 for Testnet and Devnet Reset
XRP Ledger Operations has announced that its Testnet and Devnet networks will be reset on November 25. The scheduled work will take place between 5 PM and 6 PM Pacific Time. The reset will delete all data currently stored on both networks. This includes user accounts, tokens, automated market makers (AMMs), and other on-chain records.
Developers who use these networks will have to start again after the reset. They will need to fund their accounts and set up their testing environments again before continuing their work. The notice is important for developers who use the XRP Ledger testing networks to build and check applications. Testnet and Devnet allow them to try different features without using the live network.
After November 25, existing accounts and tokens on these networks will no longer be available. Developers who have ongoing work there should prepare for the loss of their current data.
However, the announcement does not say that the main XRP Ledger network will be reset. The notice names only Testnet and Devnet, so the planned work should not be confused with a change to the live network.
XRP Ledger Operations has not given a reason for the reset in its post. It has only shared the date, time, affected networks, and what developers will need to do afterward. For developers with active projects, the main task will be to make sure they can rebuild their testing setups after the scheduled work. Any accounts or assets they need on the test networks will have to be created again.
XRP Funding Rates on Binance Reach a One-Year High
While developers prepare for the reset, XRP is showing strong bullish activity in the derivatives market. Market analyst Darkfost reported that funding rates for XRP perpetual futures on Binance have reached a multi-year high.
The previous time funding rates reached a similar level was October 2025. This came a few months after XRP reached its record price of $3.55. Darkfost used the rolling 30-day sum of funding rates to explain the change in market sentiment. This measure tracks how funding payments build up over 30 days.
Positive funding rates usually show that more traders are taking long positions. These traders expect prices to rise and pay funding fees to traders holding short positions.
However, elevated funding rates can indicate crowded long positions, increasing the risk of liquidations. Darkfost noted that previous funding peaks coincided with XRP price tops, while deeply negative readings appeared near market bottoms.
The market analyst pointed to the summer recovery as another example. XRP gained 53% after falling to $0.70. Its 30-day funding rate sum later recovered to positive 0.18%. That change in sentiment came late in the price recovery. XRP has since gone through a 30% correction, but bullish positions on Binance remain high.
XRP ETF Outflows Reach $10.4 Million
Spot XRP ETFs have also recorded large withdrawals. Darkfost reported that the funds saw $10.4 million in net outflows during one session. This amount represents about 9.37 million XRP.
The market analyst described the session as one of the worst for spot XRP ETFs this year. The withdrawals also differ from the activity seen in Binance futures markets. While futures traders remain bullish, ETF investors have moved money out of their holdings. This shows that the two groups are not taking the same position at the moment.
The recent price fall also raises questions about the strength of bullish bets. If XRP continues to decline, traders holding long positions may face more pressure.
Darkfost said traders should watch cumulative funding rates and ETF flows when assessing market conditions. Both figures can help show whether interest in XRP is changing.
For now, the November 25 reset concerns developers using the XRP Ledger (XRPL) testing networks. In the market, high funding rates and ETF withdrawals remain two separate issues worth watching as XRP deals with its recent price decline.
