🚨 Solana & XRP: Why Can't They Break Out? 📉
Funding rates are revealing a hidden truth about $SOL and $XRP – leveraged traders aren't bullish enough to sustain a real rally.
Perpetual futures markets use funding rates to keep contract prices aligned with spot. Positive funding means longs are paying shorts, signaling bullishness. Negative funding? Shorts are in control, expecting prices to fall.
Currently, funding rates for both Solana and XRP reflect ongoing weakness. Rallies fizzle out quickly because traders aren’t aggressively buying the dips. It’s not panic selling, but a lack of conviction. Even positive news for XRP isn’t sparking lasting gains.
This cautious positioning explains the slow, grinding downward trend. Shorts aren’t rushing to cover, and longs aren’t eager to pay a premium. Until funding rates shift dramatically – either sharply negative (short squeeze) or decisively positive (strong demand) – expect continued sideways pressure. The market isn’t broken, but it’s far from bullish. 🧐
#Solana #XRP #FundingRates #CryptoAnalysis 🐻
