via BeInCrypto · By BeInCrypto Editorial
One Record Funding Spike Sent XRP Price Tumbling, but Dip Buying Surged 610%
XRP/USDT
$1,099,794,653.10
$1.1804 / $1.114
Change: $0.0664 (5.96%)
+0.0025%
Longs pay
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.
Price Channel Weakens as Sell…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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