XRP Binance Funding Rates Hit Extreme Lows: Is a Contrarian Rally Setting Up?

TLDR: XRP Binance funding rates reached extreme negative levels while price ranged between $1.35 and $1.50. Total 3 altcoin market cap rose roughly 12% in February, adding nearly $75 billion despite market stress. Over 60% price correction in XRP has pushed most derivatives traders firmly into short-side positioning. Historical data shows extreme negative Binance funding [...]

The post XRP Binance Funding Rates Hit Extreme Lows: Is a Contrarian Rally Setting Up? appeared first on Blockonomi.