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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

Ripple’s XRP Drops More Than 4% as Funding Rates Fall

Emily Hayes
Emily Hayes

Emily Hayes

Emily is a blockchain enthusiast and cryptocurrency analyst who has...

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Emily Hayes

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Ripple’s XRP took a sharp turn downward, shedding over 4% in value amid a significant drop in funding rates across major exchanges. The cryptocurrency, which had shown signs of stability in recent sessions, faced renewed selling pressure as sentiment among leveraged traders soured. Analysts suggest the decline in funding rates indicates a shift in market confidence, with bearish sentiment intensifying.

This latest setback underscores the volatility plaguing XRP, which has struggled to maintain upward momentum despite broader crypto market recovery efforts. Investors are now eyeing key support levels, with market watchers warning that a prolonged dip in funding rates could amplify selling pressure further. Ripple’s ongoing legal challenges and regulatory uncertainties add another layer of complexity to XRP’s outlook.

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