According to U.Today citing CoinGlass data, XRP long liquidations reached $43.17 million over the past 24 hours, accounting for approximately 91% of total liquidations, while open interest decreased by 5.53% to $2.03 billion. At the time of reporting, the perpetual contract funding rate stood at -0.0082%. These are derivatives market indicators, which do not equate to on-chain capital outflows, nor can they be used to determine the sole cause of the token price decline.