XRP Holds Firm as Derivatives Data Defies Weekend Sell-Off
XRP has taken a hit to its price after a weekend sell-off, falling to $1.48.
However, derivatives data suggests that traders have not fully turned bearish on the token.
In fact, XRP funding rates remain mostly positive, while BTC and ETH fundings have turned negative.
This bullish derivatives bias may indicate a resilience in the price of XRP, which could be beneficial for the broader crypto market.