📉 XRP Under Extreme Bearish Pressure

XRP's market signals are flashing red.

The funding rate has plummeted to a stark -20%, a clear indicator of heavy bearish sentiment and a significant lack of long-side demand in the perpetual futures market.

Price Decline: The token has suffered a 45% decline since its July highs, with the Fear & Greed Index firmly entrenched in "Fear" territory.

Open Interest: Total Open Interest remains significant at $2.8 billion, suggesting a potential for a large-scale liquidation event if this bearish momentum continues.

Network Activity: On-chain activity has dropped, reaching a yearly low of only $68 million.

The shift in institutional focus is becoming undeniable:

"Institutional interest in XRP appears to be waning, as ETFs and stablecoin flows are moving towards other blockchain networks. This highlights the challenges XRP faces in regaining investor confidence and market stability."

The current technical and sentiment indicators point to a persistent struggle for XRP to find a floor and re-establish a bullish structure.

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