One Record Funding Spike Sent XRP Price Tumbling, but Dip Buying Surged 610%

XRP

XRP/USDT

$1.5501

-0.55%

$1.5501

-0.55%

(24s)

24h Volume

$2,943,448,416.08

24h H/L

$1.63 / $1.5367

Change: $0.0933 (6.07%)

Long/Short

72.7%

Long: 72.7%Short: 27.3%

Funding Rate

+0.0041%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.5487

▼ -1.26%

Volume (24h): -

Resistance Levels

Resistance 3$1.894

Resistance 2$1.6999

Resistance 1$1.5701

Price$1.5487

Support 1$1.5151

Support 2$1.394

Support 3$1.2767

Pivot (PP):$1.5725

Trend:Uptrend

RSI (14):62.0

BeInCrypto Editorial

(10:00 AM UTC)

1 min read

Updated bySarah Chen

0 comments

The XRP price fell to around $1.12, down close to 4% on the day, after derivatives funding spiked to its highest level in over a year and then unwound into a sharp 18% slide from late May.

The setup pairs a record long-positioning signal with a falling price channel, while a surge in steady spot buying complicates a purely bearish read. Each layer feeds the next.