XRP Short Squeeze Builds as Whales Pull Millions From Binance Amid Negative Funding Rate

TLDR: XRP funding rate on Binance hit -0.00292847, confirming short sellers are paying premiums to hold positions. Whale-to-exchange transactions spiked to 3,049, far above the 7-day average of 751 recorded on Binance. XRP exchange netflow hit -7.79M in 24 hours, over six times the 30-day moving average of -1.15M XRP. The Speculation-to-Utility Ratio of 1.3827 [...]

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