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via BeInCrypto · By BeInCrypto Editorial
One Record Funding Spike Sent XRP Price Tumbling, but Dip Buying Surged 610%
XRP
XRP/USDT
$1.0035
+0.33%
$1.0035
+0.33%
(24s)24h Volume
$455,774,161.65
24h H/L
$1.0067 / $0.9923
Change: $0.0144 (1.45%)
Long/Short
79.6%
Long: 79.6%Short: 20.4%
Funding Rate
+0.0061%
Longs pay
Data provided by COINOTAG DATALive data
BE
BeInCrypto Editorial(10:00 AM UTC)
1 min read
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…
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