XRP Funding Rates Remain Bullish Amid Market Correction

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

In fact, XRP funding rates remain mostly positive across major exchanges, despite the market-wide correction. This is in contrast to Bitcoin and Ethereum, which record negative funding rates on several platforms.

The average XRP funding rate currently stands at 0.0149%, with Kraken showing the highest reading at 0.2581%. Coinbase perpetuals have the lowest rate at -0.0010%, resulting in a funding spread of 0.2591%.

This positive trend is more pronounced in the 8-hour funding rate trend, with Binance and Bybit recording rates of 0.0076% each, while OKX stands at 0.0086%. HTX, Gate, and Bitget all show a rate of 0.0100%, but KuCoin is the only exchange with a negative XRP funding rate, at -0.0008%.