📉✨ XRP funding rate drops to –20%… a rare signal of buyers disappearing!
The XRP funding rate has dropped ◀️ to –20%, a rare reading that confirms a near-complete absence of bullish positions. This comes after the currency has lost approximately 45% of its value since July without any strong rebound.
🔻 Open positions remain stable… but traders are withdrawing.
Despite open positions staying at 2.8 billion, the data shows a gradual exit of traders, even from bearish trends, reflecting weakness in momentum and a lack of risk appetite.
⚠️ Significant drop in chain activity.
TVL on the XRP network has decreased to $68 million — the lowest level this year, indicating a clear contraction in network usage and declining liquidity.
🔍 Summary
✨ Rare negative funding rate
✨ Long decline without recovery
✨ Decreased interest from traders
✨ Historic drop in TVL
All signals of continued weakness for XRP in the near term.
