XRP News Today: Altcoins XRP, TRX, DOGE Surge with 11%, 10%, 8.4% Funding Rates

As the third quarter begins, the cryptocurrency market is witnessing a notable surge in altcoins, with traders heavily investing in XRP, TRX, and DOGE. This trend is evident in the perpetual-futures funding rates, which show XRP at nearly 11 percent, TRX at 10 percent, and DOGE at 8.4 percent (annualized). These rates are the highest among the ten largest digital assets, indicating a strong bullish sentiment towards these altcoins.

Perpetual contracts, which never expire, use eight-hour funding payments to align their prices with the spot market. Positive funding rates, where long traders pay short traders, suggest a bullish bias. Conversely, negative funding rates indicate a bearish bias. Given that perpetual contracts now account for most exchange volume, a sustained positive funding rate often precedes spot rallies as leverage flows from derivatives into underlying coins.

XRP, the payments-focused token, has been under U.S. litigation since 2020, yet the market's appetite for leverage has rarely been stronger. The annualized XRP funding rate is near 11 percent, the largest premium among major cryptocurrencies. Several factors contribute to this spike, including speculation about a potential settlement between Ripple and the SEC, which has sparked ETF chatter and tempted momentum desks. Additionally, XRP reclaimed the psychological $2.00 level for the first time since April, inviting breakout strategies that amplify funding pressure. Historical data shows that when XRP funding exceeds 8 percent for three consecutive days, the spot price has added a median 22 percent within a month, though volatility also jumps sharply.

TRX, Tron’s native token, benefits from its role as the primary settlement layer for offshore USDT. With on-chain USDT supply now above $80 billion and average daily transactions up 90 percent year-over-year, demand for TRX collateral remains high. This results in a 10 percent funding rate, double the coin’s May average. Yield desks recycle the carry by staking TRX on chain, hedging with short-dated options, and pocketing the differential, a strategy that keeps derivative borrowing costs elevated. If macro liquidity loosens further in Q3, TRX could outpace peers as traders seek real-yield narratives in a low-rate environment.

DOGE, the meme coin, has an 8.4 percent funding rate, five times higher than Bitcoin’s. Social-volume trackers show recurring spikes around Elon Musk’s Starship updates and the dog-day “Doge Day” campaign slated for August 8. While spot DOGE has hugged the $0.16 line for weeks, leveraged longs are positioning for a typical meme-coin volatility burst that tends to follow concentrated social engagement. Options desks note rising open interest in $0.20 strike calls expiring in mid-August, suggesting traders expect any catalyst, Musk tweet, Starship milestone, or new X-Payments teaser, to push DOGE toward last winter’s $0.22 high.

Despite Bitcoin’s Q3 performance averaging just 5.6 percent, its weakest quarter since 2013, post-halving years often deviate from that script. For instance, 2017’s halving cycle delivered a 73 percent Q3 rally. If macro conditions echo that period, with global PMI upticks and dovish central-bank chatter, the leverage stacking up in altcoin perps could migrate into spot markets, amplifying the upside. However, risks to the long-side trade include funding shake-outs, macro shocks, and regulatory headlines. Traders monitor the funding-to-open-interest ratio; an >0.02 reading on XRP or TRX historically signals near-term pullbacks.

With double-digit funding rates on XRP and TRX and a high-single-digit rate on DOGE, derivatives traders are expressing strong conviction that the altcoin complex will outperform a lethargic Bitcoin in the weeks ahead. Whether that bet pays off hinges on macro data, Ripple’s courtroom calendar, and the meme-fuel cadence of social media. For now, the data shows leverage concentrating where traders believe the headlines, and the upside will arrive first.