XRP is down 1.2%, but funding rates on both exchanges remain positive, meaning traders chasing long positions are still paying.

Binance’s latest funding rate is 0.009926%, while OKX’s is 0.010000%. Settled every 8 hours, this means longs pay shorts. The rates aren’t extreme, but viewed alongside XRP’s current price of $1.0496 and its 1.2% decline over 24 hours, they suggest that bulls haven’t fully retreated despite the drop.

Binance and OKX prices are moving almost in lockstep, with a 24-hour high of about $1.080 and a low of about $1.036. As the price nears the bottom of the range, bulls who keep holding their positions will be at a greater disadvantage. Don’t treat positive funding rates as a guarantee of a rebound.

Do you think XRP will reclaim $1.08 first, or will the bulls continue to get ground down?

#XRP #资金费率 #Pre-market thoughts

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View in real time: https://www.coinboss.com/zh/funding-rate