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06/16 07:11

XRP funding hits extreme lows as bears crowd in: I

XRP funding hits extreme lows as bears crowd in: Is a bear trap brewing? Every time price pushes into a resistance zone, you’ve basically got setup risk for a trap. Right now, $XRP’s structure is showing that in real time. On the daily, it’s bouncing hard off the $1.15 base and grinding up as market sentiment flips back risk-on after the U.S.-Iran peace deal. But calling this a clean breakout is probably early. In the early June move, $XRP already tried pushing through $1.25 and got rejected, with sellers stepping in and taking control. That’s usually where things get tricky. Technically, traders start fading strength into resistance, expecting the same rejection again. It builds overhead supply, and if longs get too aggressive, it can turn into a bull trap. We already saw a version of that with a 6% pullback after the price tapped $1.25 and got smacked down. Naturally, the question becomes: Is Ripple [$XRP] setting up a similar structure? One thing standing out is Funding Rates. $XRP’s OI-Weighted Funding Rate is basically sitting near rock bottom. For context, the OI-Weighted Funding Rate tracks whether traders are mostly long or short, but gives more weight to where the big leveraged positions are. When funding is very positive, it usually means too many traders are long and the market is overheated. Right now it’s the opposite; funding is deeply negative, meaning most traders are short. Looking at $XRP’s last rejection from resistance, this kind of positioning doesn’t look random. Instead, it actually lines up with a more intentional setup, making the bull trap thesis far from far-fetched.#2026 World Cup Posting Challenge on HTX Square #HTX Creation Challenge — Post and Win 1,500U 💥

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