XRP Funding Rates Turn Negative on Binance, Indicating Potential Price Shift

Funding rates for XRP perpetual futures on Binance have moved below zero, a change that may signal a possible price reversal for the token.

XRP

Summary

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Terms & Concepts
  • Funding Rate: A periodic payment between traders in perpetual futures to keep the contract price aligned with the spot price.
  • Perpetual Futures: A type of futures contract with no expiry date, allowing traders to hold positions indefinitely.
  • Binance: A major global cryptocurrency exchange offering trading, futures, and other digital asset services.