XRP Funding Rates Plummet to New Low, Potential for 50% Surge?

Recent data reveals that XRP funding rates have plunged to record lows across all exchanges. This significant drop suggests a shift in market sentiment and hints at potential price rebounds. Historically, negative funding rates have triggered price surges in the past. The chart demonstrates a clear correlation between decreases in funding rate and XRP’s downward trend as highlighted by the white line which shows a decline from mid-March onwards, leading to the current price of $2.13. This suggests market expectations are shifting towards future depreciation.