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XRP futures funding rate surge boosts $3.00 breakout odds
Ripple (XRP) upholds an intraday bullish outlook, trading above $2.91 on Wednesday. The crypto market has generally kicked off October on a positive note, providing insight into the direction trading may take in the coming weeks. The uptick in price occurred alongside a notable increase in retail interest in the cross-border money remittance token. XRP futures traders are increasingly piling into long positions, according to CoinGlass data on the Open Interest (OI)-Weighted Funding Rate, which averages 0.0099%, up from 0.0011% last Friday. OI-Weighted Funding Rate is an aggregated metric of XRP perpetual futures ... (full story)
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