XRP falls to $1.48 as positive funding rates temper bearish signals

  • XRP fell to $1.48 after weekend selling erased Friday’s move above $1.62.
  • XRP funding rates remained mostly positive while Bitcoin and Ethereum rates turned negative.
  • XRP previously closed at $1.51, just below its 50-week exponential moving average.

XRP fell to $1.48 after selling pressure continued through the weekend, giving back a move above $1.62 on Friday. The decline followed a weekly close at $1.51 within the $1.50-$1.60 range previously identified by analyst ChartNerd and just below the 50-week exponential moving average at about $1.51967. Despite the broader crypto-market correction, XRP funding rates remained mostly positive on major derivatives venues, while Bitcoin and Ethereum recorded negative rates across several major exchanges, indicating that XRP traders had not fully shifted bearish.

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XRP falls to $1.48 as positive funding rates temper bearish signals - CoinPost Terminal