BEARISH 📉 : XRP funding rate hits lowest level since April 2025

The price of XRP has risen to approximately $1.5, marking a 25% increase from its recent low despite a broader crypto market downturn.

Key Points

Recent data suggests the XRP price momentum may not be sustainable long-term and could shift bearish.
Funding rates on Binance for XRP have dropped significantly, indicating reduced interest in the derivatives market.
A low funding rate means short traders are paying long traders, reflecting a defensive market stance.
The current negative funding rate is the lowest since April 2025, signaling increased market pessimism.
Historically, extreme negative funding rates coincide with downtrends and cautious market sentiment.
Despite the negative outlook, any positive shift in sentiment might lead to quick price movements.
As of now, XRP's price is around $1.44, down over 1% in the last 24 hours.