Latest Update on XRP: Funding Rates Tell a Story
Changes in funding rates for XRP, one of the most popular altcoins, were examined by a CryptoQuant analyst. CryptoQuant, a cryptocurrency analysis platform, reported that XRP perpetual futures data on Binance indicated a limited improvement in investor sentiment. According to CryptoQuant, the funding rate for XRP contracts has risen back into positive territory after the volatility experienced in the second half of July. The funding rate reached approximately 0.00138, while the 30-day Z-score was recorded at 0.21.