Is XRP on the Brink of a Dramatic Turn? Find Out What the Charts Reveal!
In a revelation from CryptoQuant, we learn that funding rates across all exchanges have rather dramatically turned negative as of April 12, hitting a splendid -0.002-the first such print of the week! During the fine days of April 6-11, funding had basked in positivity, reaching a peak of +0.0058 on April 8, only to be summarily rejected as the price surged to $1.39. Alas, the longs that had once driven this ascent seem to have vanished, leaving the shorts to revel in their newfound control, now obligating longs to pay for the privilege of holding their positions. One must wonder if negative funding, following a failed rally, is ever truly bullish, although it does alleviate the burdensome overhead pressure created by positive funding. The tables have certainly turned, and now it is the leveraged sellers who find themselves footing the bill.




