XRP Extends Losses as Negative Funding and Rising Yields Weigh on Sentiment
- —XRP fell to $1.422, extending its weekly decline past 6%
- —XRP funding rate turned negative at -0.0022%, meaning shorts pay longs
- —U.S. 10-year Treasury yield held near 5.30% after touching 5.35%
- —Immediate support sits at the 50-day EMA near $1.400, with the 200-day EMA at $1.389
Why it matters: Holding the $1.389–1.400 EMA cluster would preserve XRP's constructive structure; a break opens the door to $1.336 and $1.300.
Source: CoinJournal