XRP’s slide below $2 pushed its funding rates to extreme lows, an occurrence that generally incentivizes bulls to pile in. What’s holding traders back this time?
Key takeaways:
XRP derivatives are dominated by bears as the funding rate turned deeply negative, and open interest remains stagnant.
XRP ETF volumes and declining XRP Ledger TVL show fading interest in the XRP ecosystem, reducing the chances of a near-term price rebound.
