XRP funding rate plummeted by over 40% in one day

According to ChainCatcher, XRP's daily funding rate has dropped by nearly 80%, indicating continued pressure in the derivatives market. As of press time, this unfavorable change is also accompanied by a decrease of approximately 4% in open interest. Since the funding rate reflects the balance between long and short traders, the deepening negative value of this indicator suggests that the market is betting on further price declines.