XRP slips below $1.30 on Binance futures as funding stays positive
- —Binance XRP/USDT perpetual at $1.2897, below the $1.30 mark
- —Median XRP funding across nine exchanges at 0.0100% per 8 hours
- —CryptoQuant: XRP open interest on Binance and Bybit fell 26.5%
- —Fed held rates at 3.75–4.00%, two members favored a 25 bp hike
Why it matters: Positive funding with price under $1.30 shows longs paying to hold positions, while falling open interest signals deleveraging in XRP derivatives.
Source: TokenPost