XRP funding rates hit one-year high on Binance as ETFs lose $10.4M
AI summary
XRP funding rates on Binance have reached their highest level in over a year, signaling crowded long positioning even as the token remains stuck after a 30% correction. Spot XRP ETFs posted $10.4 million in net outflows, showing institutional demand is not offsetting the leveraged froth. Traders should watch for a long squeeze: elevated funding plus ETF outflows is a fragile combination for price.
