XRP News Today: XRP Funding Rates Stable at 0.0100% Across Major Exchanges

XRP perpetual futures funding rates have remained stable at 0.0100% across major exchanges, indicating a balanced market with neither long nor short traders holding a strong position. This stability has been consistent for the past 48 hours, with funding rates on leading exchanges such as Binance, OKX, and Bitget hovering around this level. The neutral funding rates suggest that traders are cautious and awaiting clear market direction before making significant moves.

Temporary fluctuations in funding rates were observed on platforms like Binance and CoinEx, but these quickly reverted to the neutral level of 0.0100%. For instance, Binance recorded a short-term positive rate of 0.0029% on July 2 at 17:00 UTC, while Bybit experienced a momentary rise to 0.0036%. These variations, however, did not indicate a lasting directional bias in the market. Similarly, Crypto.com saw a brief drop to -0.0214% on July 2, and CoinEx experienced a spike to 0.0305% on July 3, but these movements were short-lived and did not alter the overall stability of the funding rates.

XRP’s price has been ranging between $1.80 and $2.70 as funding rates stayed neutral, reflecting trader hesitation and low leverage aggression. The open interest-weighted (OI-weighted) funding rate has remained steady, fluctuating between -0.0200% and +0.0200% since the start of April. This stability in funding rates and price movements indicates a defensive market involvement, with traders waiting for a clearer direction before taking more bullish positions. The current price of XRP is trading at $2.28, with funding rates modestly positive, showing no aggressive short or long positioning within the market.

In summary, the stability of XRP funding rates at 0.0100% across major exchanges reflects a balanced market with traders in a wait-and-see mode. The neutral funding rates and the narrow price range of XRP indicate that traders are cautious and awaiting clear market direction before making significant moves. The temporary fluctuations observed on certain platforms did not alter the overall stability of the funding rates, further emphasizing the lack of directional bias in the market.