$XRP Defies Market Decline with Positive Funding Rates

XRP's price has declined to $1.48 after a weekend of selling pressure, but derivatives data suggests that traders have not completely turned bearish.

The token's funding rates remain mostly positive despite the market-wide correction, with an average rate of 0.0149% across major exchanges.

This is in contrast to Bitcoin and Ethereum, which have recorded negative funding rates across several major exchanges.

$XRP's price has been fluctuating around the $1.45-$1.48 support area, which buyers have defended during several tests over the past week.