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XRP Funding Rates Turn Extremely Bearish as Open Interest and Market Cap Slide

Summary by Blockonomi
TLDR: XRP funding rates on Binance have turned extremely negative, signaling heavy short positioning. XRP has dropped 70% since July 2025, though it remains above its historical lows. Open interest fell to $350.6 million as leveraged traders exit futures positions broadly. NVT ratio stays elevated at 162.86, showing network activity lags behind valuation levels. XRP funding rates have dropped to extremely negative levels as the token continues …
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Blockonomi broke the news on Friday, July 10, 2026.
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