Crypto Express

07/09 07:37

Is XRP bearish sentiment still lingering beneath

Is XRP bearish sentiment still lingering beneath the surface?

Despite XRP’s bullish breakout, at the time of writing, the Aggregated Funding Rate across exchanges turned slightly negative, and was sitting at -0.004%.

This implies that short traders are paying to keep positions open, indicating a contrarian crowd betting on a pullback. 

Historically, negative funding rates during rallies have often led to short squeezes, where short sellers are forced to buy back in. 

Therefore, the skepticism reflected in the funding market could paradoxically act as fuel for further upside—especially if prices continue to defy bearish expectations. 

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