XRP Holds $2 Support Amid $138M Market Liquidation, Positive Funding Rate Signals Bullish Sentiment 📈
The cryptocurrency market faces mild selling pressure in the early session, with leading altcoins, including XRP, trading in the red. In the last 24 hours, the crypto derivatives market reported $138 million in liquidations, with $90 million from short positions. Despite the bearish trend, XRP shows promise with a positive funding rate of 0.0031% on Binance, as reported by CoinGlass. This indicates a bullish sentiment among traders, with a tilt towards more long positions than shorts. XRP is currently trading at $2.06, experiencing a slight decline of 1.25% over the past 24 hours.
Source: www.tokenpost.com ↗
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