XRP (XRP) has shown a recovery in its price from the low of $1.61 it hit on April 7. Despite the rebound, the cryptocurrency is still facing challenges as it trades below a crucial resistance level. The question on everyone's mind now is whether XRP can maintain its upward momentum or if it will face further declines in the near future.

One concerning factor for XRP is the presence of negative funding rates and a decrease in open interest (OI) in its futures markets. Funding rates in perpetual futures contracts help keep prices in line with the spot market by facilitating payments between long and short traders. A negative funding rate indicates that bearish sentiment prevails, with short sellers paying long holders. XRP has been experiencing

Source: https://cointelegraph.com/news/is-xrp-price-going-to-crash-again?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound