XRP Funding Rate Surges Amid Crypto Market Sell-Off: What’s Happening?
The crypto market is facing slight selling pressure in the early Sunday session, with several crypto assets, including XRP, trading in red. In the last 24 hours, $138 million has been liquidated in the crypto derivatives market. Interestingly, shorts accounted for the majority of this figure, totaling $90 million.
Amid the current uncertainty in the market, XRP stands out with a surprising twist: Its funding rate is currently positive, according to CoinGlass data, signaling a potentially bullish undertone.
A positive funding rate signals that traders are generally optimistic about the future price of the underlying asset, which drives up demand for…
